Logo ofRiyadh Cables Group
Riyadh Cables Group said major shareholder Ahmed Al Zaim transferred 9 million shares, representing a 6% stake in the company, from his personal portfolio to a closed joint-stock company he owns. 
In a statement to Tadawul, Riyadh Cables said the transfer was part of an ownership restructuring between Al Zaim’s personal holdings and the company, in which he owns a 99.99% stake.
The transfer resulted in a change to the company’s list of major shareholders, Riyadh Cables added.
According to Argaam data, the transferred shares represented Al Zaim’s entire stake in Riyadh Cables Group.
Logo ofRiyadh Cables Group
Riyadh Cables Group said major shareholder Ahmed Al Zaim transferred 9 million shares, representing a 6% stake in the company, from his personal portfolio to a closed joint-stock company he owns.
In a statement to Tadawul, Riyadh Cables said the transfer was part of an ownership restructuring between Al Zaim’s personal holdings and the company, in which he owns a 99.99% stake.
The transfer resulted in a change to the company’s list of major shareholders, Riyadh Cables added.
According to Argaam data, the transferred shares represented Al Zaim’s entire stake in Riyadh Cables Group.
