Saudi news

Shares of “Saudi Summit Trading” fell 1.9% in their first trading on the “Nomu” market

Shares of the Saudi Summit Trading Company fell by 1.95%, at a price of 132 riyals, at the beginning of the first trading session for its shares in the parallel market, “Nomu”, today, Thursday.

And at the beginning of the dealings; The “Saudi Summit” stock topped the values ​​and trading volumes of the “Nomu” market, by about 1.89 million riyals, through trading of about 14.36 thousand shares.

The shares of the “Saudi Summit Trading” company began trading in Nomu – the parallel market, with daily price fluctuation limits of 30%, up or down, with the application of fixed limits for price fluctuation at 10%, up or down.

The shares of the “Saudi Trading Summit” were listed with the trading code 9552 and the international symbol SA15LI2KL814.

Wathiq Financial Company, in its capacity as the financial advisor for the initial public offering of the Saudi Summit Trading Company in the parallel market “Nomu”, announced the completion of the offering process for 880 thousand ordinary shares, representing 22% of the company’s total shares amounting to 4 million shares, as qualified investors subscribed to the entire offered shares. The coverage rate was 102.8%.

“Wathiq Finance” said that the offer price amounted to 133 riyals per share.

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