Arabian Mills to debut on TASI on Oct. 8

Shares of Arabian Mills for Food Products Co. (Arabian Mills) will start trading on the Main Market (TASI) on Oct. 8, with the symbol 2285 and ISIN Code SA164H113MH2.

 

The shares will have ±30% and ±10% daily and static price fluctuation limits.

 

 

These fluctuation limits will apply during 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.

 

The Securities Depository Center Co. (Edaa) added the subscribed shares of the company today, Oct. 6, to eligible shareholder accounts.

 

The company offered 15.39 million shares, or 30% of its capital, to the public, Argaam earlier reported.

 

Arabian Mills allocated 10% of the shares on offer to individuals, with the remaining for institutional investors.

 

The retail offering was 9.2x oversubscribed with five shares minimum allocated per subscriber. The institutional offering was 132x covered. The offer price was SAR 66 per share.