Logo of Hedab Alkhaleej Trading Co.
The Saudi Exchange (Tadawul) announced that shares of Hedab Alkhaleej Trading Co. will start trading on the Nomu-Parallel Market on March 5, with the symbol 9631 and ISIN Code SA1690Q4MFH7.
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, March 3.
The Securities Depository Center Co. (Edaa) said Hedab Alkhaleej’s subscribed securities were deposited today into the accounts of eligible shareholders.
According to Argaam data, the company earlier floated 800,000 shares on Nomu at SAR 52 apiece. The offering was nearly 173% subscribed.
The offered shares represented 10.67% of post-IPO capital, amounting to SAR 75 million (divided into 7.5 million shares).
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