Al-Fakhera shares to make Nomu debut on Nov. 28

Logo of Al-Fakhera Men’s Tailoring Co.

The Saudi Exchange (Tadawul) announced that Al-Fakhera Men’s Tailoring Co.’s shares will be listed and make debut on the Nomu-Parallel Market on Nov. 28, with the symbol 9618 and ISIN Code SA165G34M915.

 

The stock will trade with a daily price fluctuation limit of +/- 30% and +/- 10% static price fluctuation limits, Tadawul said in a statement.

 

For More IPOs

 

The Securities Depository Center Co. (Edaa) deposited Al-Fakhera’s subscribed securities to the accounts of eligible shareholders today, Nov. 26, according to a separate statement.

 

Al-Fakhera earlier floated six million shares, or 20% of its pre-IPO capital (16.67% of post-capital), on Nomu, at SAR 6 each, with a coverage ratio of 286.24%, according to data available with Argaam.

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