Riyadh – Mubasher: Al Baha Investment and Development Company’s stock rose on Sunday, leading the Saudi Stock Exchange’s (Tadawul) stocks.
By 11:12 am Saudi time, Al Baha’s stock, listed on the Tadawul All-Share Index (TASI), rose to SAR 24.74, with a trading value of SAR 8 million.
The rise followed the decision taken by the Saudi Capital Market Authority (CMA) to lift its suspension of Al Baha’s stock starting Sunday, 4 June, after the company reported trimming its accumulated losses to 15.77% of capital.
The CMA suspended trading on Al Baha’s stock on 2 June 2013. At the time, the stock recorded the price of SAR 25.3.
On 11 May 2017, Al Baha reported that its accumulated losses decreased to SAR 27.84 million, representing 15.7% of its capital, which had been previously reduced.
On 7 May, the Securities Depositary Centre announced that the changes ti Al Baha’s capital had been completed and were reflected on the shareholders' accounts.
By 11:18 am Saudi time, TASI inched up 0.06% to reach 6,868.99 points.
