Watani Steel to start trading as direct listing on Nomu on Feb. 17

15/02/2021 Argaam

Logo of Watani Iron Steel

Shares of Watani Iron Steel Co. will start trading on Nomu – Parallel Market, on Wednesday, Feb. 17, as a direct listing under the symbol 9513 and ISIN Code SA158GIKKKH8, according to the Saudi Stock Exchange (Tadawul).

 

The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

 

On Dec. 30, 2020, the Capital Market Authority (CMA) approved the registration of Watani Iron Steel shares for the purpose of direct listing on Nomu. The trading of the shares will be confined to qualified investors as stipulated in the CMA regulations and rules, according to data compiled by Argaam.

 

The company operates with SAR 121.1 million capital, divided into 12.11 million ordinary shares.

 

The stock will have an indicative price of SAR 37 on debut, according to the share registration document.

 

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