Watani Steel Files to Transfer Listing to Main Market
The steelmaker has submitted a formal application to move its shares from the parallel market to the main market of the Saudi stock exchange.
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The blocked page contained the news of Watani Steel’s application to transfer to the main market.
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Transferring to the main market typically allows a company to attract larger institutional investors and improve liquidity. Watani Steel’s move signals confidence in its growth prospects. The application is subject to approval by the exchange and regulatory authorities. If approved, the company would join the ranks of major listed firms on the Saudi main board.
Original source: Maaal
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