Edarat shares to debut on Nomu on Dec. 26

Logo of Edarat Group

Edarat Communications and Information Technology Co. (Edarat) will begin trading on Nomu-Parallel Market on Dec. 26, with symbol 9557 and ISIN Code SA15M4M4LAH3.

Shares will trade with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits, as the company is planning to meet the liquidity requirements with a liquidity provider.

Meanwhile, the Securities Depository Center Co. (Edaa) announced the addition of the subscribed securities in Edarat today, Dec. 22, into the center’s accounts of eligible securities’ holders.

In November, Edarat published its registration document for direct listing on Nomu-Parallel Market.

The company’s capital currently stands at SAR 6.3 million, divided into 630,000 shares. Edarat set its price guidance at SAR 300 per share.

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