East Pipes Integrated to start trading on Tadawul on Feb. 14

Logo of East Pipes Integrated Company

Shares of East Pipes Integrated Company for Industry will begin trading on the Saudi Exchange (Tadawul) as of Monday, Feb. 14, with the symbol 1321 and ISIN Code SA15GH80KKH0.

The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits. 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. 

The Securities Depository Center Co. (Edaa) deposited today, Feb. 10, the company’s subscribed securities into the center’s accounts of eligible securities’ holders.

The company floated 6.3 million shares, of which 630,000 shares were allocated for retail investors. The retail offering was 16 times covered, and a minimum of three shares were allocated for each retail subscriber.