Tanmiah Food to debut on Tadawul on Aug. 4

02/08/2021 Argaam

Logo of Tanmiah Food

Tanmiah Food Co. will start trading on the Saudi Exchange (Tadawul) on Aug. 4, with the symbol 2281 and ISIN Code SA15BH1H3KH5 with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

 

These fluctuation limits will be applied during the first three days of listing, and 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.

 

According to data compiled by Argaam, the company offered six million shares for public subscription and 600,000 shares were allocated to individual subscribers at a price of SAR 67 per share.

 

The coverage ratio for individuals reached 1,170.48%, as the number of subscribers reached 69,598 subscribers who pumped SAR 470.53 million.

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