Saudi Home Loans to debut on Tadawul on April 20

Logo of Saudi Home Loans Co. 

Saudi Home Loans Co. (SHL) will begin trading on the Saudi Exchange (Tadawul) on Wednesday, April 20, under the symbol 1183 and ISIN Code: SA15HG50IFH7.

The stock 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.

In a separate statement, the Securities Depository Center (Edaa) deposited, today, April 18, the subscribed securities of SHL into the accounts of eligible securities’ holders.

The company offered 30 million shares in an IPO, representing 30% of its SAR 100 million capital, of which 10% was allocated to retail investors and 90% to institutional investors, according to data compiled by Argaam.

Retail subscription was 2,644% oversubscribed, with 756,425 subscribers, with total applications reaching SAR 1.6 billion.

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