Entaj to debut on TASI on March 17

Logo of Arabian Company for Agricultural & Industrial Investments (Entaj)

Shares of Arabian Company for Agricultural & Industrial Investments (Entaj) will begin trading on the Main Market (TASI) on March 17 under the symbol 2287 and ISIN Code SA1690P13NH3.

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

The daily limits will reset to +/-10% from fourth day onwards, and static limits will not apply.

The Securities Depository Center Co. (Edaa) deposited today, March 13, the subscribed shares of Entaj into shareholder accounts.

Entaj offered nine million shares, representing 30% of the company's SAR 300 million capital, which is divided into 30 million shares at SAR 10 each, Argaam earlier reported

The retail offering was 30.2x subscribed as investors subscribed to 900,000 shares at SAR 50 each.