Obeikan Glass names Al Rajhi Capital as market maker

04/04/2024 Argaam

Obeikan Glass shareholders elect board members for new term

Logo of Obeikan Glass Co.

Obeikan Glass Co.’s board of directors approved today, April 4, appointing Al Rajhi Capital as a market maker for its stock.

 

According to a Tadawul filing, the move is aimed at supporting the company’s liquidity in share trading.

 

Obeikan Glass noted that the appointment will be valid for 12 months from the agreement’s effective date.

 

The decision, however, is subject to the approval of competent authorities.

 

Any developments in this regard will be duly revealed, it added.

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