Multi Business Group shares to make Nomu debut on Dec. 4

Logo of Multi Business Group for Projects Co. (MBG)

The Saudi Exchange (Tadawul) announced that shares of Multi Business Group for Projects Co. will be listed and start trading on the Nomu-Parallel Market on Dec. 4, with the symbol 9619 and ISIN Code SA165G7KM9H1.

 

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

 

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The Securities Depository Center Co. (Edaa) deposited Multi Business Group’s subscribed securities to the accounts of eligible shareholders today, Dec. 2, according to a separate statement.

 

Multi Business Group earlier floated 3 million shares, or 20% of its post-increase capital, on Nomu, at SAR 15 each, with a coverage ratio of 265%, according to data available with Argaam.

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