Jamjoom Pharma shares to debut on Tadawul on June 20

Logo of Jamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma)

Jamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma) will start trading on the Saudi Exchange (Tadawul) on June 20, under the symbol 4015 and ISIN Code SA15QGU1UNH6.

In a statement to Tadawul today, June 18, the company said the daily fluctuation limit is +/- 30% and static price fluctuation limit is +/-10%.

These fluctuation limits will apply 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.

Jamjoom Pharma floated 21 million shares, or 30% of its capital, at SAR 60 each, as reported earlier by Argaam.

The retail offering was 11x covered, with a minimum of four shares allocated per retail subscriber. The remaining shares will be allocated on a pro-rata basis at 0.5146%, based on the demand size of every subscriber to total shares.

Meanwhile, institutional subscription was 67.2x covered.

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