Trading of Sumou Real Estate shares begins today

Sumou will be listed on the Nomu – Parallel Market, with a 20% daily share price fluctuation limit.

  
Riyadh – Mubasher: Listing and trading the shares of Sumou Real Estate Company began on Monday, 11 May 2020, as announced by the Saudi Stock Exchange (Tadawul).

Sumou will be listed on the Nomu – Parallel Market, with a 20% daily share price fluctuation limit.

The '9511' symbol has been assigned to the company’s stock.

The company’s capital amounts to SAR 250 million, distributed over 25 million shares with a par value of SAR 10 per share.

The initial public offering (IPO) began on 16 February and was extended until 30 April.

The company offered 1.25 million shares, or 5% of its capital through the IPO at a price of SAR 24 per share, after previously planning to offer 30% or 7.5 million shares, according to the IPO prospectus.

Source: Mubasher

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