Trading in Arabtec shares will continue to be suspended until further...


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Trading in “Arabtec” shares will continue to be suspended until further notice, today, Sunday, October 11, 2020 4:03 pm

Source:
  • Electronic statement

History: October 11, 2020

The Financial Market announced that trading in Arabtec Holding shares will continue to be suspended, pending further notice.

The market stated in a notice posted on its website today, Sunday, that the decision was based on the directives received from the Securities and Commodities Authority.

Arabtec announced earlier today that its board of directors discussed all decisions and procedures necessary to move forward with the liquidation plan.

Arabtec shareholders voted in its general meeting held on Wednesday, September 30th, in favor of the company’s non-continuity and its dissolution due to its unstable financial conditions.

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