Multi Business Group shares to make Nomu debut on Dec. 4

04:41 PM (Mecca time) Argaam
Logo ofMulti Business Group for Projects Co. (MBG)

Logo of Multi Business Group for Projects Co. (MBG)

The Saudi Exchange (Tadawul) announced that Multi Business Group for Projects Co.’s shares will be listed and start trading on the Nomu-Parallel Market on Dec. 4, with the symbol 9619 and ISIN Code SA165G7KM9H1.

 

The stock will trade with a daily price fluctuation limit of +/- 30% and +/- 10% static price fluctuation limits, Tadawul said in a statement.

 

For More IPOs

 

The Securities Depository Center Co. (Edaa) deposited Multi Business Group’s subscribed securities to the accounts of eligible shareholders today, Dec. 4, according to a separate statement.

 

Multi Business Group earlier floated three million shares, or 20% of its capital, on Nomu, at SAR 15 each, with a coverage ratio of 265%, according to data available with Argaam.

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