SAMA Water to make debut on Nomu on Oct. 21

Logo of SAMA Healthy Water Factory Co.

SAMA Healthy Water Factory Co. will start trading on the Nomu-Parallel Market on Oct. 21, under the symbol 9612 and ISIN code SA165014M618.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed today, Oct. 17.

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In a separate statement, the Securities Depository Center Co. (Edaa) announced that the company’s subscribed securities were added into the accounts of eligible shareholders today.

SAMA Water earlier floated 10 million shares, representing 20% of its capital, on Nomu, at a nominal value of SAR 1 apiece. The initial public offering (IPO) was priced at SAR 2.7 per share. The subscription was 239.27% covered, according to data available with Argaam.