Tadawul restarts trading of Medgulf shares

Dubai: The Saudi Stock Exchange Company (Tadawul) said on Sunday that it has lifted the suspension on share trading that it had placed on the Mediterranean and Gulf Insurance and Reinsurance Co (Medgulf).

The shares were suspended from April 1 pending last year’s results.

The company published its financial statements for the 12 months ending December 2017, and “therefore, the Saudi Stock Exchange Company (Tadawul) has exercised its powers stipulated in the Listing Rules,” the bourse said in a statement on its website. The Tadawul index closed 1.86 per cent higher at 7,969.79.