AMAK extends Al Rajhi Capital appointment as market maker for 6 months

Logo of Almasane Alkobra Mining Co. (AMAK)

Almasane Alkobra Mining Co.'s (AMAK) board of directors approved today, Aug. 12, extending the appointment of Al Rajhi Capital as a market maker for an additional period of six months, effective as of Aug. 19, 2024 to Feb. 18, 2025.

In a statement to Tadawul, the company said that the extension comes in order to enhance liquidity in the trading of the company’s shares.

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The decision is subject to the approval of the relevant authorities, said AMAK, adding that Al Rajhi Capital will carry out market-making activities in accordance with the market-making regulations and guidelines.

The company will announce any developments in due time.

In February, the company announced that the request to appoint Al Rajhi Capital as a market maker for the company’s shares was approved.

AMAK board of directors decided in January to appoint Al Rajhi Capital as a market maker for the company’s shares, to support liquidity in share trading, Argaam earlier reported.