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Dar Almarkabah for Renting Cars Co. to Merge Shares to Boost Average Share Closing Price

MT Newswires·08/16/2026 04:23:22
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04:23 AM EDT, 08/16/2026 (MT Newswires) -- Dar Almarkabah for Renting Cars Co. (SASE:9577) will consolidate its shares to increase its average closing price to 3 Saudi riyals. The car rental company said on Sunday that the corrective move was prompted by a notice from the Saudi bourse indicating that its average closing price was below the minimum threshold. The company noted that its shares will be suspended from trading on the bourse if it does not comply within three months.