Tadawul ends lock-up period for Tanmiah Food shareholders today

03/02/2022 Argaam

Logo of Tanmiah Food Co.

The Saudi Exchange (Tadawul) lifts today, Feb. 3, the lock-up period imposed on Tanmiah Food Co.’s major shareholders after six months of listing on Aug. 4, 2021.

 

The Capital Market Authority’s (CMA) regulations specify that major shareholders are prohibited from selling the stock for no less than six months from the listing date.

 

Al-Dabbagh Group Holding is the largest shareholder in the company, with a 70% stake or 14 million shares.

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