Approval to divide the ownership of a major shareholder in “Al-Yamamah Steel” among two individuals

Al Yamamah Steel Industries Company received "Al Yamama Steel"Notice from the shareholder: Al-Muhanna Trading Company "One of the major shareholders, owning 3,440,384 shares, or 6.77241%.

The company said in a statement on its website "Saudi Arabia trading"The notice includes: the issuance of the Capital Market Authority’s approval to divide the entire shares owned by Al-Muhanna Trading Company in Al-Yamamah Steel Industries Company equally between Abdul Rahman bin Abdullah Al-Muhanna and Muhammad bin Abdullah bin Muhanna.

It noted that this will result in a change in the ownership percentage of one of the major shareholders in Al-Yamamah Steel Industries Company.

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