Logo of Miahona Co.
Miahona Co. will start trading on the main Tadawul All Share Index (TASI) as of Thursday, June 6, 2024, under the symbol 2084 and ISIN Code SA562G5H0I13.
The stock will trade with a daily price fluctuation of +/- 30% and +/- 10% static price fluctuation limits, Tadawul said in a statement.
These limits will be applied only during the first three days of listing. Starting from the fourth trading day, the daily price fluctuation will be reset to -/+ 10%, and the static limits will be cancelled.
The Securities Depository Center Co. (Edaa) deposited the subscribed securities in Miahona to the accounts of eligible securities’ holders today, June 5, according to another statement.
According to data available with Argaam, the company floated 48.3 million shares, representing 30% of capital, of which 80% was allocated for participating categories and the remaining 20% for individuals.
The individual subscription was covered by 6.1 times, as 10 shares were allocated to each subscriber.
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