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Saudi Exchange Outlines Fluctuation Limits for Molan Steel's Reverse Share Split
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01:18 AM EST, 11/03/2026 (MT Newswires) -- The Saudi Exchange set the fluctuation limits for Molan Steel (SASE:9553) following the approval of the company's reverse share split. The limits will be based on the iron products maker's share price of 8.5 Saudi riyals, with outstanding orders to be canceled, according to a Tuesday bourse notice. Additionally, the company's shares were suspended from trading for two days starting Tuesday. Trading will resume after the Securities Depository Center, or Edaa, executes the reverse split of shares on investors' portfolios.
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