AlMuneef to begin trading on Nomu on June 7

05/06/2023 Argaam
Logo of AlMuneef Co. for Trade, Industry, Agriculture and Contracting

Logo of AlMuneef Co. for Trade, Industry, Agriculture and Contracting

AlMuneef Company for Trade, Industry, Agriculture and Contracting will start trading on Nomu-Parallel Market on June 7, with the symbol 9569 and ISIN Code SA15QH34LGH2, the Saudi Exchange (Tadawul) said in a statement.

 

Tadawul added that AlMuneef's stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

 

In a separate statement, the Securities Depository Center Co. (Edaa) announced that it deposited today, June 5, the subscribed shares of AlMuneef into the accounts of eligible shareholders.

 

On May 14, qualified investors started subscribing to 760,000 shares of AlMuneef at SAR 70 each.

 

This company floated 20% of its SAR 38 million capital, which is divided into 3.8 million shares. The offering was 143.40% oversubscribed.

 

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