Latest news with #Edaa
Argaam
2 days ago
- Business
- Argaam
flynas to make debut on TASI tomorrow
Shares of Saudi Arabian low-cost carrier flynas will begin trading on the Main Market (TASI) tomorrow, June 18, under the symbol 4264 and ISIN Code SA16AH822K19. The stock will trade in the first three days with a daily price fluctuation limit of +/-30% and +/-10% static price fluctuation limits, Tadawul said in a statement. In a separate statement, the Securities Depository Center Co. (Edaa) deposited flynas' subscribed securities into the accounts of eligible shareholders today, June 17. The budget airline offered 51.3 million shares, or 30% of its SAR 1.70 billion capital, to the public. The offered shares represent 33.4% of flynas' pre-increase capital, which amounts to SAR 1.53 billion, divided into 153.43 million shares at a nominal value of SAR 10 each, Argaam earlier reported. The institutional offering was nearly 100x covered, with orders of more than SAR 409 billion. The retail offering was almost 349.7% oversubscribed. The company allocated 10 shares minimum per individual subscriber. The remaining shares were allocated pro rata, at an allocation factor of 12.3%.
Argaam
5 days ago
- Business
- Argaam
Time Entertainment's shares to debut on Nomu on June 17
The Saudi Exchange (Tadawul) announced that Time Entertainment Co. will start trading on the Nomu -Parallel Market as of June 17, with the symbol 9642 and ISIN Code SA16B184ML18. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a Tadawul statement today, June 15. Separately, the Securities Depository Center Co. (Edaa) said Time Entertainment's subscribed securities were deposited today into the accounts of eligible shareholders. According to Argaam 's data, Time Entertainment's offered shares represented 20% of the company's SAR 10 million-share capital, divided into one million shares. The final IPO price was set at SAR 80 each in an offering that was 141.41% covered.
Argaam
12-06-2025
- Business
- Argaam
ASAS Makeen to make Nomu debut on June 16
ASAS Makeen Real Estate Development Co. 's shares will list and start trading on the Nomu-Parallel Market on June 16, with the symbol 9640 and ISIN Code SA16AH84MK14. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, the Saudi Exchange (Tadawul) said in a statement today, June 12. Separately, the Securities Depository Center Co. (Edaa) said ASAS Makeen's subscribed securities were deposited today into the accounts of eligible shareholders. According to data available with Argaam, ASAS Makeen floated one million shares on Nomu, at SAR 80 per share, in an offering that ran from May 19 to May 25. The offered shares represented 10% of the company's SAR 100 million share capital, divided into 10 million shares, at a SAR 10 par value. The offering was 1,949.5% oversubscribed.
Argaam
12-06-2025
- Business
- Argaam
Edaa implements securities increase on Arabian Pipes
The Securities Depository Center Co. (Edaa) announced implementing securities quantity increase for Arabian Pipes Co. (APC) on the accounts of eligible shareholders today, June 12. According to data available with Argaam, APC shareholders recently approved the board's recommendation to increase capital from SAR 150 million to SAR 200 million via a 3-to-1 bonus issue. The process will be financed through capitalizing SAR 50 million from the retained earnings.
Argaam
11-06-2025
- Business
- Argaam
Edaa adjusts Marble Design's nominal value
The Securities Depository Center Co. (Edaa) applied today, June 11, the stock measures to Marble Design Co. 's securities, adjusting the stock's nominal value in eligible shareholder accounts, according to a statement to Tadawul. The company's shareholders approved reducing the stock's nominal value from SAR 10 to SAR 1, Argaam earlier reported. Accordingly, the number of shares will rise to 60 million from the current 6 million. The company's capital will remain unchanged.
