Trading ban lifted on founding shareholders of Amlak International

SourceArab News
SectorFinancial Markets
CountrySaudi Arabia

Trading ban lifted on founding shareholders of Amlak International Trading ban lifted on founding shareholders of Amlak International Trading ban lifted on founding shareholders of Amlak International Saudi Investment Bank (SAIB) is one of Amlak’s major shareholders with a 22.41 percent stake. (File/AFP) Short Url Trading ban lifted on founding shareholders of Amlak International Updated 12 January 2021 Follow @arabnews The ban on Amlak International for Real Estate Finance Co.’s founding shareholders from selling shares was lifted Jan. 12, 2021, six months after the stock began trading on the Saudi Stock Exchange (Tadawul) on July 13, 2020. Under the Capital Market Authority (CMA) regulations, a company’s founding shareholders, as well as major shareholders who own 5 percent minimum, cannot sell their shares for six months after the beginning of trading on Tadawul. After the end of the lockup period, those shareholders do not need the market regulator’s approval to dispose of their shares. Saudi Investment Bank (SAIB) is one of Amlak’s major shareholders with a 22.41 percent stake, followed by Amlak Finance (18.35 percent). Japanese firms plan $103 million investment in Morocco car parts sector Updated 12 January 2021 Reuters January 12, 2021 17:20 RABAT: Japanese wire harness makers Yazaki and Sumitomo are planning to build new factories in Morocco, costing a combined $103 million, to ...read more...