RATIO to make Nomu debut on March 9

Logo of Ratio Specialty Trading Co. (RATIO)

The Saudi Exchange (Tadawul) announced that shares of Ratio Specialty Trading Co. (RATIO) will start trading on the Nomu-Parallel Market on March 9, with the symbol 9630 and ISIN Code SA169054MF19.

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, March 5.

For More IPOs

The Securities Depository Center Co. (Edaa) said RATIO’s subscribed securities were deposited today into the accounts of eligible shareholders.

According to Argaam data, the company earlier floated five million shares on Nomu at SAR 10 apiece. The offering was 865% subscribed.

The offered shares represented 25% of capital, amounting to SAR 20 million (divided into 20 million shares), at a nominal value of SAR 1 apiece.