Riyadh Steel shares to debut on Nomu on Dec. 3

29/11/2023 ِArgaam

Riyadh Steel shares to debut on Nomu on Dec. 3Logo of Riyadh Steel Co.

The Saudi Exchange (Tadawul) announced that shares of Riyadh Steel Co. will be listed and start trading on the Nomu-Parallel Market on Dec. 3 under the trading symbol 9588 and ISIN Code SA15TG8KLQ14. 

  

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

 

The company floated one million ordinary shares, or 20% of its SAR 50 million capital, divided into five million shares, according to data available with Argaam.

 

The offering price was set at SAR 17 per share, and the IPO was 222.56% covered.

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