Tadawul sets fluctuation limits for AICTEC after capital hike

21/08/2022 Argaam

Advance International Company for Communication and Information Technology’s (AICTEC) daily trading fluctuation limit after its capital increase will be based on a share price of SAR 111.8 as of today, Aug. 21, the Saudi Exchange (Tadawul) said in a statement.

 

Accordingly, the outstanding orders will be canceled.

 

The Securities Depository Center (Edaa) will deposit the additional shares into investor portfolios by Aug. 23.

 

Shareholders of AICTEC approved increasing the company's capital by 25% during the extraordinary general meeting held on Aug. 18.

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