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Thndr Claps » Saudi Claps » Retail 🛒 » Al Saif Gallery down in first trading session 📉

Al Saif Gallery down in first trading session 📉

by Omar El Shorafa
December 27, 2022

The Clap
Al Saif Gallery’s (4192) stock declined sharply in its first trading session in the Saudi Tadawul on Tuesday.

What
The company’s stock fell by 14.78% at the close, to a price of SAR 98, down from the listing price of SAR 115.

So What
The company topped the trading value by about SAR 677mn, trading approximately 6.6 million shares.

Now What
Al Saif Gallery revealed its BoD’s decision to distribute a total of SAR 35mn in cash dividends to shareholders for Q3 2022 over 35 million shares.

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