Al Kuzama shares to debut on Nomu on June 2
The Saudi Exchange (Tadawul) announced that Al Kuzama Trading Co. will start trading on the Nomu -Parallel Market as of June 2, with the symbol 9636 and ISIN Code SA16AG54MI15.
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a Tadawul statement today, May 29.
For More IPOs
Separately, the Securities Depository Center Co. (Edaa) said Al Kuzama's subscribed securities were deposited today into the accounts of eligible shareholders.
According to Argaam data, the company earlier floated 422,400 shares, representing 10.71% of the company's post-IPO capital and 12% of pre-IPO capital, at a nominal value of SAR 10 each.
The final IPO price was set at SAR 107 each, and the offering was 108.38% covered.
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