Logo ofKeir International Co.
Keir International Co. announced that it received a notice from the Saudi Exchange (Tadawul) on Oct. 26, stating that the average closing price of its shares had fallen below the minimum threshold. 
In a statement to Tadawul, the company said the three-month period for taking corrective action begins on Oct. 27, 2026, in accordance with Article 33 of the Listing Rules.
The company noted it intends to consolidate its shares to achieve a closing price of at least SAR 3 per share. It will convene an extraordinary general assembly (EGM) to vote on the board’s recommendation to consolidate the shares, unless the closing price rises to SAR 3 or above during the specified period.
The share consolidation would reduce the total number of shares and increase the value per share, without changing the company’s capital.
The company further indicated that failure to comply with the requirements of Article 33 of the Listing Rules would result in the application of procedures to suspend trading in its listed securities, while allowing its shares to be traded off-platform in accordance with the applicable procedures.
Keir affirmed its commitment to taking the necessary measures to meet the minimum average closing price requirements and to disclosing any material developments in a timely manner.
Notice Details
Item
Status
Reason for Notice
Average closing price fell below the minimum threshold
Corrective Period Start Date
Oct. 27, 2026
Corrective Period
Three months
Target Minimum Share Price
SAR 3
Planned Action
Share consolidation
Condition for Implementing Consolidation
Closing price does not rise to SAR 3 or above during the specified period
Shareholder Approval
Requires approval at an extraordinary general assembly
Impact on Number of Shares
Reduction in the number of shares
Impact on Share Price
Increase in the value per share
Impact on Capital
No change
In case of Non-Compliance
Trading suspension and off-platform trading of the shares
According to Argaam data, Keir closed at SAR 0.77 on Monday, Oct. 26, bringing its share price decline over the past year to about 81%.
The company listed its shares on the Nomu-parallel market in 2022. It has 120 million shares, with a nominal value of SAR 1 per share.
Logo ofKeir International Co.
Keir International Co. announced that it received a notice from the Saudi Exchange (Tadawul) on Oct. 26, stating that the average closing price of its shares had fallen below the minimum threshold.
In a statement to Tadawul, the company said the three-month period for taking corrective action begins on Oct. 27, 2026, in accordance with Article 33 of the Listing Rules.
The company noted it intends to consolidate its shares to achieve a closing price of at least SAR 3 per share. It will convene an extraordinary general assembly (EGM) to vote on the board’s recommendation to consolidate the shares, unless the closing price rises to SAR 3 or above during the specified period.
The share consolidation would reduce the total number of shares and increase the value per share, without changing the company’s capital.
The company further indicated that failure to comply with the requirements of Article 33 of the Listing Rules would result in the application of procedures to suspend trading in its listed securities, while allowing its shares to be traded off-platform in accordance with the applicable procedures.
Keir affirmed its commitment to taking the necessary measures to meet the minimum average closing price requirements and to disclosing any material developments in a timely manner.
Notice Details
Item
Status
Reason for Notice
Average closing price fell below the minimum threshold
Corrective Period Start Date
Oct. 27, 2026
Corrective Period
Three months
Target Minimum Share Price
SAR 3
Planned Action
Share consolidation
Condition for Implementing Consolidation
Closing price does not rise to SAR 3 or above during the specified period
Shareholder Approval
Requires approval at an extraordinary general assembly
Impact on Number of Shares
Reduction in the number of shares
Impact on Share Price
Increase in the value per share
Impact on Capital
No change
In case of Non-Compliance
Trading suspension and off-platform trading of the shares
According to Argaam data, Keir closed at SAR 0.77 on Monday, Oct. 26, bringing its share price decline over the past year to about 81%.
The company listed its shares on the Nomu-parallel market in 2022. It has 120 million shares, with a nominal value of SAR 1 per share.
