Naqi to begin trading on Tadawul on Aug. 15

Naqi Water’s production line

Shares of Naqi Water Co. will start trading on the Saudi Exchange (Tadawul) on Monday, Aug. 15, under the symbol 2282 and ISIN code SA15JH2H3L19.

Shares will trade with ±30% daily and ±10% static price fluctuation limits, Tadawul said in a statement.

From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10%, while the static price fluctuation limits will no longer apply.

Naqi Water offered six million shares, or 30% of its capital, to the public. The company allocated 90% of the offered shares to institutional investors, with the remaining 10% for the retail tranche.

The retail offering was 13.5x subscribed with total orders of SAR 560.1 million.

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