Saudi Exchange announces that the fluctuation limits for National Metal Manufacturing and Casting Co. will be based on a share price of SAR 25.75

The National Metal Manufacturing and Casting Co. EGM held on Tuesday 18/04/1443H, corresponding to 23/11/2021G has approved the company’s request for a capital reduction and approval on capital increase through rights issues.

Thus, the company will be suspended as per the Listing Rules for two business days, starting from today Wednesday 19/04/1443H corresponding to 24/11/2021G, until the Securities Depository Center Company (Edaa) complete the corporate action process, lifting the suspension of trading will be end of Thursday 20/04/1443H corresponding to 25/11/2021G and the fluctuation limits for National Metal Manufacturing and Casting Co. will be based on a share price of SAR 25.75 and the outstanding orders will be canceled.

Furthermore, the National Metal Manufacturing and Casting Co. rights will be deposited into applicable investor’s portfolios on Sunday 23/04/1443H corresponding to 28/11/2021G

 

Source: Saudi Exchange

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