Al Battal Factory shares to debut on Nomu on Dec. 31

29/12/2024 Argaam
Logo of Al Battal Factory for Chemical Industries Co.

Logo of Al Battal Factory for Chemical Industries Co.

The Saudi Exchange (Tadawul) announced that shares of Al Battal Factory for Chemical Industries Co. will start trading on the Nomu-Parallel Market on Dec. 31, with the symbol 9623 and ISIN Code SA1660VKMBH8.

 

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

 

For More IPOs

 

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

 

Al Battal Factory earlier floated 670,000 shares on Nomu, at SAR 63 each. The offering was 286.24% subscribed, according to data available with Argaam.

 

The offer shares represented 20.09% of the company’s SAR 33.35 million post-IPO capital (or 22.33% of the pre-IPO capital).

 

Post-IPO, the company’s capital will increase to SAR 33.35 million, divided into 3.34 million shares at a nominal value of SAR 10 each.

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