Advance International shares to debut on Nomu on Jan. 6

04/01/2022 Argaam

Logo of Advance International Company for Communication and Information Technology

Advance International Communication and Information Technology (AICTEC) will begin trading on Nomu – Parallel Market as of Jan. 6, with the symbol 9524 and ISIN Code SA15E1N4KQ13, according to a bourse filing.

 

The stock will have daily price fluctuation limits of +/- 30% and static fluctuation limits of +/- 10%.

 

The Securities Depository Center Co. (Edaa) also announced today, Jan. 4, depositing the subscribed shares of AICTEC to the accounts of eligible shareholders.

 

The subscription period to 400,000 shares of AICTEC by qualified investors ended on Dec. 16, according to data compiled by Argaam.

 

The price range for book-building process was set at SAR 110 per share.

 

The subscription lasted five days, starting Dec. 12.

 

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