Saudi Tadawul Group closes at SAR 118 on debut; turnover at SAR 2.3 bln

Logo of Saudi Tadawul Group Holding

Shares of Saudi Tadawul Group Holding Co., which began trading on the Saudi Exchange (Tadawul) today, Dec. 8, rose by more than 12% to SAR 118 (+SAR 13 compared to the listing price of SAR 105 a share).

The stock set an intraday high of SAR 127.60 and an intraday low of SAR 115.40.

Nearly 19.2 million of its shares were exchanged through approximately 78,100 transactions, at a total value of SAR 2.3 billion.

The stock is listed under the diversified financials sector, with the symbol 1111 and ISIN Code: SA15DHKGHBH4.

It will have daily price fluctuation limits of +/- 30% and static fluctuation limits of +/- 10%. These fluctuation limits will apply in 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.