Saudi Tadawul Group to list on main market on Dec. 8

Logo of Saudi Tadawul Group Holding

The Saudi Exchange (Tadawul) announced that the listing and trading of Saudi Tadawul Group Holding Co.’s shares on the main market will begin Dec. 8, under the symbol 1111 and ISIN Code SA15DHKGHBH4.

In a statement the bourse said, the stock will have daily price fluctuation limits of +/- 30% and static price fluctuation limits of +/- 10%.

These fluctuation limits will apply during the first three days of listing. 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.

In a separate statement, the Securities Depository Center (Edaa) announced the addition of the subscribed securities in Saudi Tadawul Group today, Dec. 6, into the accounts of eligible securities’ holders.

Saudi Tadawul Group offered 36 million shares, representing 30% of its capital, in the initial public offering (IPO), allocating 70% to participating parties and 30% to individual investors, Argaam reported.

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