‎EIC gets major shareholder’s share transfer notice

‎EIC gets major shareholder’s share transfer notice ‎EIC gets major shareholder’s share transfer notice

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Logo ofElectrical Industries Co. (EIC)

Electrical Industries Co. (EIC) received a letter today, July 23, from major shareholder Ajda Industrial Services Co., which owns 18.75% of the company’s shares.

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The letter stated that 42.18 million shares were transferred to investment portfolios of the shareholder’s affiliated companies.

The company said in a Tadawul statement that the transfer was part of an internal ownership restructuring.

The transaction resulted in a change in the ownership share of one of the company’s major shareholders on the Tadawul website.

 

Logo ofElectrical Industries Co. (EIC)

Electrical Industries Co. (EIC) received a letter today, July 23, from major shareholder Ajda Industrial Services Co., which owns 18.75% of the company’s shares.

The letter stated that 42.18 million shares were transferred to investment portfolios of the shareholder’s affiliated companies.

The company said in a Tadawul statement that the transfer was part of an internal ownership restructuring.

The transaction resulted in a change in the ownership share of one of the company’s major shareholders on the Tadawul website.

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