Tadawul to list Tanmiah’s shares this week

The listing and trading will start on August 4

  
A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

REUTERS/Faisal Al Nasser
Riyadh – The Saudi Exchange (Tadawul) will start the listing and trading of Tanmiah Food Company’s shares on the Main Market on Wednesday, 4 August 2021.

Tadawul announced that the daily and static price fluctuation limits will be +/- 30% and +/- 10%, respectively, according to a bourse disclosure on Monday.

“These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10% and the static price fluctuation limits will no longer apply,” Tadawul noted.

Saudi Fransi Capital announced last month that the final offer price of Tanmiah’s initial public offering (IPO) was at SAR 67 per share, with the coverage ratio reaching 9,534%.

Source: Mubasher

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