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Taouni to transfer Watani shares to main market
Tadawul Saudi Arabia has announced its approval of Watania Steel Company's request to move from the Parallel Market (Nomu) to the Main Market, after fulfilling all regulatory requirements. The transfer process will result in the temporary suspension of the company's shares trading for no more than five trading sessions, to complete technical arrangements and ensure a smooth transition. The date for trading to begin on the Main Market will be announced once the procedures are finalized. Tadawul emphasizes the importance for investors to review the financial reports and disclosures related to the transfer, and to consult a financial advisor before making any investment decisions. The Exchange's role is limited to ensuring compliance with regulatory requirements and does not assess the investment merits.
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