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Ladun Investment Company announced that the public review period for its Main Market transition document will conclude tomorrow, August 25. Following this milestone, the Saudi Exchange (Tadawul) will suspend trading in the company's shares starting August 26 for a period of up to five trading days to execute the formal transfer procedures from the Nomu-Parallel Market to TASI.
The company originally listed its shares on the Nomu market in June 2022 and currently holds a capital base of 500 million Saudi Riyals, divided into 500 million shares with a nominal value of 1 Riyal per share. The upcoming shift to TASI comes after acquiring full regulatory approvals from Tadawul, reflecting the firm's growth and compliance readiness for the main board.
For investors and market participants, the transition to TASI is expected to enhance liquidity and broaden institutional ownership for Ladun shares. Market observers will watch the stock's resumption of trading on the main index to gauge institutional appetite following the five-day trading halt.
