Published: Jul 20, 2014
Source: Tadawul

News

Email this story Print this page zoomin zoomout

The Saudi Stock Exchange (Tadawul) announces that the accumulated losses of Al Alamiya for Cooperative Insurance Company has reached 50% or more and less than 75% of its capital

Based on the instructions and procedures related to listed companies with accumulated losses reaching 50% or more of its capital, issued by the board of the Capital Market Authority (CMA) pursuant to its resolution number 4-48-2013 dated 15/1/1435H corresponding to 18/11/2013G, and as a result to the announcement of Al Alamiya for Cooperative Insurance Company dated 17/07/2014 that its accumulated losses reached (57.1%) of its capital, and since this percentage of accumulated losses represents 50% or more and less than 75% of its capital, the Saudi Stock Exchange (Tadawul) under the aforementioned instructions and procedures will do the following:

1. Suspend trading of the company’s shares for two hours from session opening. While orders maintenance will start from 12:30.

2. Put a yellow flag next to the company’s name on Tadawul website. 

Middle East Stock Markets

Index Last Change %Change
TASI 6,853.45 -20.08 -0.29%
ADI 4,695.91 +32.77 0.70%
DFMGI 3,694.14 +21.83 0.59%
QE 10,880.15 -47.65 -0.44%
KSE 6,351.77 +50.65 0.80%
MSM30... 5,720.770 -16.470 -0.29%
ASE... 2,164.68 -5.83 -0.27%

Recent Analyst Actions  >>

or
Company Price Opinion
DXB Entertainments 1.90 Buy
Abdullah Al Othaim Markets 125.60 Overweight
Bupa Arabia for Cooperative 137.60 Overweight
Abdul Mohsen Al-Hokair Group 40.50 Overweight
Saudi Telecom Co. 68.90 Overweight

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email