{"url":"https://newsforagent.com/news/2026-10-27/keir-international-tadawul-share-price-notice","markdown_url":"https://newsforagent.com/news/2026-10-27/keir-international-tadawul-share-price-notice.md","title":"Keir International Gets Tadawul Notice on Low Share Price","headline":"Keir International Notified by Tadawul After Average Closing Price Falls Below Minimum","description":"Keir International received a Tadawul notice after its average closing price fell below the minimum threshold.","section":"Regulation & Approvals","published_at":"2026-10-27T07:00:13+00:00","modified_at":"2026-10-27T07:00:13+00:00","author":"News Desk","key_takeaways":["Keir International received a Tadawul notice on Oct. 26 that its average closing share price fell below the minimum threshold.","The company plans to consolidate its shares to achieve a closing price of at least SAR 3 per share, subject to an EGM vote.","Keir closed at SAR 0.77 on Oct. 26, with its share price down about 81% over the past year."],"companies":[{"name":"Keir International","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000l1xf/keir-international","website":"https://keir.com.sa"}],"source":{"publisher":"Argaam","title":"Keir notified on low average closing share price","url":"https://www.argaam.com/en/article/articledetail/id/1947460"},"other_sources":[],"tags":["Regulation & Approvals","Keir International"],"body_markdown":"[Keir International](https://akta.pro/company-profiles/000l1xf/keir-international) Co. received a notice from the Saudi Exchange (Tadawul) on Oct. 26 stating that the average closing price of its shares had fallen below the minimum threshold, and the company said it intends to consolidate its shares to reach at least SAR 3 per share. [Argaam](https://www.argaam.com/en/article/articledetail/id/1947460) reported the notice.\n\n## Keir's Corrective Period and Share Consolidation Plan\n\nKeir International is a Saudi joint stock company listed on the Nomu-parallel market since 2022, with 120 million shares and a nominal value of SAR 1 per share, according to [akta.pro company records](https://akta.pro/company-data). The company said the three-month period for corrective action begins on Oct. 27, 2026, under Article 33 of the Listing Rules.\n\nKeir said it will convene an extraordinary general assembly to vote on the board's recommendation to consolidate the shares, unless the closing price rises to SAR 3 or above during the specified period. The company said the consolidation would reduce the total number of shares and increase the value per share, without changing its capital.\n\nKeir said failure to comply with Article 33 would result in procedures to suspend trading in its listed securities, while allowing its shares to be traded off-platform under applicable procedures. The company said it is committed to taking the necessary measures to meet the minimum average closing price requirements and to disclosing any material developments in a timely manner.\n\n## Keir's Capital Restructuring and Credit Facilities\n\nKeir International submitted a request to reduce its capital from SAR 120 million to SAR 33.58 million to the CMA on Oct. 11, Argaam reported. On Sept. 17, the board recommended a 72.018% capital cut by cancelling 86.42 million shares to offset SAR 86.42 million in accumulated losses, leaving capital at SAR 33.58 million and subject to CMA approval.\n\nKeir renewed a Shariah-compliant credit facility of SAR 125.9 million with Banque Saudi Fransi, with a one-year tenor, Argaam reported on Oct. 14. In July 2026, the board approved a strategic plan to address accumulated losses through capital restructuring, including reducing capital to offset accumulated losses followed by a potential capital increase.\n\n## What Comes Next for Keir International\n\nThe corrective period for Keir International begins on Oct. 27, 2026, and runs for three months. The company said it will convene an extraordinary general assembly to vote on the board's share consolidation recommendation unless the closing price rises to SAR 3 or above during that period.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}