Trading ban on Americana’s major shareholders ends today
- Date: 11-Jun-2023
- Source: Argaam
- Sector:Retail
- Country:Saudi Arabia
Trading ban on Americana’s major shareholders ends today
The ban on Americana Restaurants International PLC Co.'s selling shareholder and some minority shareholders from selling shares lifted today, June 11 – six months after the stock began trading on the Saudi Exchange (Tadawul) on Dec. 12, 2022.
The selling shareholder was subjected to a ban period of six months, starting from the debut on Tadawul. The ban included some minority shareholders pursuant to undertakings signed by them.
As of today, they will be able to sell their shares without prior approval from the Capital Market Authority (CMA).
Adeptio Investments AD is the major shareholder, following the IPO, with a 66.03% shareholding.
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