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Dar Al-Murakkaba stock falls below minimum
Dar Al-Murujah Car Rental Company announced that it has received a notice from the Saudi Financial Market indicating that its share price has fallen below the minimum required according to regulations. A three-month period has been set for implementing corrective measures, including a share consolidation to increase the share price to at least 3 Saudi Riyals to ensure the continuation of normal trading. If the share price does not rise within this period, a special general assembly will be convened to approve the share consolidation, which will lead to a reduction in the number of issued shares without changing the company’s capital. Otherwise, the company may face trading suspension and the removal of its shares from the main platform.
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