Saudi news

List and commence trading of the shares of “Lin Al-Khair Trading Company” in the “Nomu” market, next Sunday

Today, Wednesday, Tadawul Saudi Arabia announced the listing and trading of the shares of Lin Al-Khair Trading Company in Nomu – the parallel market, as of Sunday, January 1, 2023, with the trading code 9555 and the international code SA15M10KL9H7.

Tadawul Saudi Arabia said that the trading of “Lin Al-Khair” shares will be within daily price fluctuation limits of 30%, up or down, with the application of fixed limits for price fluctuation at 10%, up or down.

Yaqeen Financial Company, in its capacity as the financial advisor and subscription manager for the offering of the shares of Lin Al-Khair Trading Company in the parallel market “Nomu”, had announced the completion of the offering process for 958,750 ordinary shares, representing 23.5% of the company’s shares, and the offering price amounted to 65 Saudi riyals per share.

The coverage ratio reached 116.21% of the total offered shares during the offering period from Sunday, December 4, 2022, until Thursday, December 15, 2022.

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