AlBabtain Food to begin trading on Nomu on Oct. 18

Logo of AlBabtain Food

The Saudi Exchange (Tadawul) announced that Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food) will start trading on Nomu-Parallel Market on Oct. 18, with the symbol 9549 and ISIN Code SA15L16KL6H8, according to a statement to Tadawul.

Tadawul added that the company’s shares will trade with a daily price fluctuation of +/- 30% and +/- 10% static price fluctuation limits.

In a separate statement, the Securities Depository Center Co. (Edaa) announced that it deposited today, Oct. 16, the subscribed shares of AlBabtain Food into the accounts of eligible shareholders.

On June 29, the Capital Market Authority (CMA) approved the company’s application to offer 544,000 shares — or 16% of its share capital — on Nomu, according to Argaam’s data.

The offering price was set at SAR 77 per share, with a coverage ratio of 648.98x.

AlBabtain Food operates in the wholesale of foods and beverages.

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