Saudi Top Trading to debut on Nomu on Dec. 22

Logo of Saudi Top Trading Co.

Saudi Top Trading Co. will begin trading on Nomu-Parallel Market on Dec. 22, with the symbol 9552 and ISIN Code: SA15LI2KL814, Tadawul said in a statement.

 

The stock will have daily price fluctuation limits of +/-30% and static fluctuation limits of +/-10%.

 

Meanwhile, the Securities Depository Center Co. (Edaa) announced, in a statement, depositing the company's subscribed shares today, Dec. 20, into the accounts of eligible shareholders.

 

The company offered 880,000 ordinary shares, or 22% of capital, at SAR 133 each. The initial public offering (IPO) was 102.8% oversubscribed, according to Argaam's data.

 

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