TAM Development shares to debut on Nomu on June 14

Logo of TAM Development Co.

TAM Development Co. will start trading on Nomu-Parallel Market on June 14, under the symbol 9570 and ISIN Code SA15R214LH17.

 

In a statement to Tadawul today, June 12, TAM Development said the daily fluctuation limit is ±30% and static price fluctuation limit is ±10%.

 

The Securities Depository Center Co. (Edaa) announced earlier the deposit of the company's subscribed securities into the accounts of eligible shareholders on June 11.

 

TAM Development finalized the initial public offering (IPO) of 585,600 shares, representing 16% of its capital. The final offer price was set at SAR 130 per share, according to Argaam’s data.

 

The IPO was 140.7% covered during the subscription period that ran from May 21-25.

 

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