Pan Gulf Marketing to debut on Nomu on Feb. 18

14/02/2024 Argaam
Logo of Pan Gulf Marketing Co.

Logo of Pan Gulf Marketing Co.

Pan Gulf Marketing Co. will start trading on the Nomu-Parallel Market on Feb. 18 under the symbol 9593 and ISIN code SA161054LSH3.

 

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.

 

Meanwhile, the Securities Depository Center Co. (Edaa) announced depositing the subscribed shares of Pan Gulf Marketing into the accounts of eligible shareholders on Feb. 14.

 

Earlier, the company floated 600,000 shares on Nomu, representing 12% of capital, at SAR 51 per share. The offering was 108.92% subscribed, Argaam's data showed.

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