Riyadh –  The Saudi Exchange (Tadawul) announces that the listing and trading of Arabian Contracting Services Company’s (Al Arabia) shares will begin on the Main Market next Monday, 15 November.

Tadawul noted that the daily and static price fluctuation limits will stand at +/- 30% and +/- 10%, respectively, according to a disclosure on Thursday.

The fluctuation limits will be applied during the first three days of listing, until 17 November, yet starting from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10% while the static price fluctuation limits will no longer apply.

Last month, financial advisor GIB Capital announced that the final price for the initial public offering (IPO) of Arabian Contracting Services was set at SAR 100 per share.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.