Banan Real Estate to list, trade shares on Nomu from Aug. 11

Logo of Banan Real Estate

The Saudi Exchange announced that the listing and trading shares of Banan Real Estate Co. on Nomu – Parallel Market will be on Wednesday, Aug. 11, as a direct listing with the symbol 9519 and ISIN Code SA15BG54KNH2, with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

According to data compiled by Argaam, the Capital Market Authority (CMA) approved, on June 28, the company's request to register its shares for the purpose of direct listing in the parallel market.

In July, the company announced the registration document for the company's shares , as part of the procedures for listing it directly in the parallel market.

Established in March 2005 in Riyadh, Banan Real Estate currently operates with a capital of SAR 200 million, divided into 20 million shares.

Banan Real Estate is active in the investment and development of income-generating properties across the Kingdom, and is currently focused on managing and renting a range of commercial and residential properties, hotels, managing and renting owned or leased properties, managing and operating hotel apartments, real estate management activities for commission, and in-kind registration services for the property.