Al-Hamadi’s stock debuts trading on Tadawul today

15/07/2014 Argaam

Al-Hammadi Development and Investment’s stock starts trading on Tadawul today, the market’s fourth listing this year, raising the number of listed firms to 167, including suspended companies.

The company floated 30 percent of its capital (22.5 million shares) in an initial public offering, for SAR 28 per share. The IPO was heavily oversubscribed and six shares allocated to each subscriber.

Al-Hammadi’s stock raises the number of the retail sector listings to 14 stocks.

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