Watani Iron Steel to start trading on Tadawul from February 17

The company will be listed on Tadawul's parallel market NOMU from tomorrow

  
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

REUTERS/Ahmed Yosri

The Saudi Stock Exchange (Tadawul) has announced the listing of Watani Iron Steel Co on its parallel market NOMU from tomorrow (Wednesday).

The company will have a +/- 30 percent daily price fluctuation limit and a +/- 10 percent static price fluctuation limit.

The Capital Market Authority (CMA) approved the registration of Watani Iron Steel shares for the purpose of direct listing on NOMU in December 2020.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

(imogen.lillywhite@refinitiv.com)

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