‎Saleh Al Rashed major shareholder lock-up ends

‎Saleh Al Rashed major shareholder lock-up ends ‎Saleh Al Rashed major shareholder lock-up ends

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Logo ofSaleh Abdulaziz Al Rashed and Sons Co.

The trading ban on major shareholders of Saleh Abdulaziz Al Rashed and Sons Co. expired on Sept. 10, six months after the stock debuted on the Saudi Exchange’s Main Market (TASI) on March 11.

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Major shareholders and related parties, which together own 65.8% of the company, were barred from selling their shares during the lock-up period.

These shareholders are now allowed to sell their holdings without prior approval from the Capital Market Authority (CMA).

Company Shareholders

Shareholders

After IPO

Number of

Shares(mln)

Ownership (%)

Abdulaziz Saleh Abdulaziz Al-Rashed

4.67

25.1%

Abdullah Saleh Abdulaziz Al-Rashed

2.71

14.6%

Abdulaziz Saad Saleh Al-Rashed

0.98

5.3%

Saud Saad Saleh Al-Rashed

0.98

5.3%

Nora Saleh Al-Rashed

0.71

3.8%

Sara Saleh Al-Rashed

0.71

3.8%

Shareholder Acting in Concert

1.46

7.9%

 

Logo ofSaleh Abdulaziz Al Rashed and Sons Co.

The trading ban on major shareholders of Saleh Abdulaziz Al Rashed and Sons Co. expired on Sept. 10, six months after the stock debuted on the Saudi Exchange’s Main Market (TASI) on March 11.

Major shareholders and related parties, which together own 65.8% of the company, were barred from selling their shares during the lock-up period.

These shareholders are now allowed to sell their holdings without prior approval from the Capital Market Authority (CMA).

Company Shareholders

Shareholders

After IPO

Number of

Shares(mln)

Ownership (%)

Abdulaziz Saleh Abdulaziz Al-Rashed

4.67

25.1%

Abdullah Saleh Abdulaziz Al-Rashed

2.71

14.6%

Abdulaziz Saad Saleh Al-Rashed

0.98

5.3%

Saud Saad Saleh Al-Rashed

0.98

5.3%

Nora Saleh Al-Rashed

0.71

3.8%

Sara Saleh Al-Rashed

0.71

3.8%

Shareholder Acting in Concert

1.46

7.9%

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