Scientific & Medical Equipment to start trading on Tadawul from Feb. 28

Logo of Scientific & Medical Equipment House Co.

The Saudi Exchange (Tadawul) announced today, Feb. 24, the listing and trading shares of Scientific & Medical Equipment House Co. (SMEH) on the main market starting Feb. 28, under the symbol 4014 and ISIN code SA15GGQ1UN19.

The daily price fluctuation limits of +/-30% and static price fluctuation limits of +/-10% will be applied during the first three days of the listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10% and the static price fluctuation limits will no longer apply.

Meanwhile, the Securities Depository Center Co. (Edaa) today announced the addition of the subscribed securities in SMEH into the center’s accounts of eligible securities’ holders.

The company offered six million shares, representing 30% of the company’s capital, which was allocated 90% to institutional investors and 10% to retail investors, Argaam reported.

The subscription period for retail investors tranche, comprising 600,000 shares, representing 10% of the total offering at a final offer price of SAR 52 per share, commenced on Jan. 31, 2022, and ended on Feb. 3 2022.

A minimum of one share was allocated to each retail investor, with the remaining shares allotted on a pro-rata basis at 0.6896%.

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