Sudden suspension of trading on a Saudi stock

The Saudi Tadawul announced the suspension of trading the shares of the Sandwich House Fast Food Restaurants Company in the market, starting from 11:00 in the morning until 12:00 in the evening, today, Sunday, July 03, 2022.

Saudi Tadawul said in a statement that this came at the company’s request in accordance with the provisions of the listing rules and procedures for suspending trading in listed securities, in preparation for announcing a fundamental event, noting that the order maintenance period will start at 11:30 am.

The company then announced the approval of the company’s general assembly to distribute quarterly or semi-annual dividends for the fiscal year ending on December 31, 2022, and the approval of the Board of Directors’ recommendation to increase the capital from 25 million riyals to 35 million riyals through bonus shares of 10 million riyals.

Urgent: A looming collapse… about to lose half of its value
Urgent: Very positive news
Urgent: Very shocking news..the reason is unknown

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