Suspension of buying and selling in Al Baraka Banking shares on the Nasdaq Dubai inventory trade from tomorrow and cancellation of itemizing in 3 days.

Al Baraka Banking Group introduced, pursuant to the choice of the Board of Administrators dated February 23, 2022 and the choice of the Basic Assembly of Shareholders dated March 30, 2022, that the group has acquired the approval of the Dubai Monetary Companies Authority to delist the group’s shares from the principle listing of Dubai Monetary Middle and delist it at Nasdaq Dubai.

Tomorrow, Could ninth, share buying and selling on Nasdaq Dubai shall be suspended and the shares shall be delisted from the Dubai Monetary Companies Authority’s essential listing and from Nasdaq Dubai on Could twelfth.

The group stated in a press release that it’ll delist the shares and stop buying and selling on Could 12 on the Nasdaq Dubai Inventory Alternate, however the shares will stay listed on the Bahrain Inventory Alternate and the Nasdaq Inventory Alternate will switch the listed shares to every shareholder of their account on the Bahrain Inventory Alternate.

Within the occasion {that a} shareholder doesn’t have an account on the Bahrain Alternate, his shares shall be transferred to non-tradable accounts on the Bahrain Alternate and the shares shall be transferred with out the necessity for any motion on the a part of the shareholder.

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