The Saudi Stock Exchange (Tadawul) has approved the request of Raydan Cuisines and Restaurants Co. to transition its shares from the parallel market to the main market, according to a bourse statement.

 

The company is capitalized at SAR 225 million, divided into 22.5 million shares.

 

A trading halt will be placed on the company shares as of tomorrow Monday, Nov. 18, 2019 for five trading sessions maximum to finalize the relevant procedures.

 

Tadawul will announce the company’s debut date on the main market once the required procedures are complete.

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