UQDC to debut on TASI on March 24

20/03/2025 Argaam
Logo ofUmm Al Qura for Development and Construction Co. (UQDC)

Logo of Umm Al Qura for Development and Construction Co. (UQDC)

Umm Al Qura for Development and Construction Co. (UQDC) will start trading on the Main Market (TASI) on March 24, under the symbol 4325 and ISIN Code SA169G7I3IH8.

The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.

For More IPOs

 

The Securities Depository Center Company (Edaa) announced adding the subscribed shares to the accounts of the eligible shareholders today, March 20.

 

The company offered 130.79 million shares, or 9.09% of its post-IPO capital, 10% of which were allocated to retail investors and 90% to institutions.

 

Retail investors subscribed to 13.08 million shares at SAR 15 apiece.

 

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