Shalfa to make debut on Nomu on Nov. 6

04/11/2024 Argaam
Logo ofShalfa Facilities Management Co.

Logo of Shalfa Facilities Management Co.


Shalfa Facilities Management Co. will start trading on the Nomu-Parallel Market on Nov. 6, under the symbol 9613 and ISIN code SA1650UKM6H2.

 

For More IPOs

 

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed today, Nov. 4.

 

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.

 

Shalfa earlier floated 630,000 shares on Nomu, representing 15% of the company’s SAR 42 millon capital, divided into 4.2 million shares at a par value of SAR 10 each. The offering, which was 1,745.24% oversubscribed, was priced at SAR 61 apiece, according to data available with Argaam.

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