Ladun to start trading on Nomu on June 14

12/06/2022 Argaam

Logo of Ladun Investment Co.

Ladun Investment Co. will begin trading on Nomu-Parallel Market on Tuesday, June 14, with the symbol 9535 and ISIN Code: SA15IG94KVH6, Tadawul said in a statement.

 

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

 

Meanwhile, the Securities Depository Center Co. (Edaa) announced, in a separate statement, the addition of Ladun Investment subscribed securities today, June 12, into accounts of eligible securities’ holders.

 

On March 28, the Capital Market Authority (CMA) approved the company’s application to offer 5 million of its capital on Nomu, according to data compiled by Argaam.

 

Qualified investors start on May 22 subscription to 5 million shares of Ladun, with an initial public offering (IPO) price range set between SAR 15 and SAR 18 per share.

 

The institutional offering was 20.97x subscribed.

 

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