Alamars’ shares to debut on Tadawul on Aug. 9

Logo of Alamar Foods Co.

The Saudi Exchange (Tadawul) announced that the listing and trading of Alamar Foods Co.’s shares on Tadawul will start on Tuesday, Aug. 9, under the symbol 6014 and ISIN code SA15JHPITV18.

Shares will trade with ±30% daily and ±10% static price fluctuation limits, according to a bourse statement.

From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10%, while the static price fluctuation limits will no longer apply.

The Securities Depository Center Co. (Edaa) deposited today, Aug. 7, Alamar's subscribed securities into the accounts of eligible shareholders, Argaam earlier reported.

Alamar offered 41.7%, or 10.63 million of its share capital, in an initial public offering (IPO) on Tadawul, according to Argaam’s data.

Retail investors started, on July 20, subscription to 1.06 million shares, or 10% of total shares, offered at SAR 115 each, set through the book-building process. The offering was 6.9% covered and six shares minimum were allotted to each retail subscriber.

The Capital Market Authority (CMA) approved, on June 7, the application filed by Alamar to float 10.63 million shares, representing 41.7% of its capital, Argaam reported.

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