Nahdi Medical shares to debut on Tadawul on March 22

Logo of Nahdi Medical Co.

The Saudi Exchange (Tadawul) announced that shares of Nahdi Medical Co will debut on the main market as of Tuesday, March 22, with the symbol 4164 and ISIN Code: SA15HG521213.
 

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. 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, March 20, the subscribed shares of Nahdi Medical to the accounts of eligible shareholders.
 

The medical services provider offered 39 million shares, or 30% of its share capital on the main market, of which 90% was allocated to the participating parties and 10% to individual investors, according to data available with Argaam.
 

Retail investors started, on March 13, subscription to about 3.9 million shares of Nahdi Medical, representing 10% of the shares offered, at SAR 131 each. The subscription period ended March 15.

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