Al Moammar’s shares to debut on Tadawul April 24

22/04/2019 Argaam

 

Al Moammar Information Systems Co. will start trading on the Saudi Arabian Exchange as of Wednesday in the information technology sector, according to a statement on the Saudi bourse’s website.

 

Al Moammar’s stock fluctuation limit will stand at 10 percent. 

 

The company offered 4.8 million shares of which 480,000 were allocated to retail investors and 4.32 million shares to institutional investors, Argaam reported earlier.

 

The retail offering was 148.68 percent oversubscribed.

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