Saudi news

List and commence trading of “Nufuth Food Products” shares on the “Nomu” market, next Tuesday

Today, Sunday, Tadawul Saudi Arabia announced the listing and start of trading the shares of “Nafouth Food Products” in the parallel market “Nomu”, as of Tuesday, January 10, 2023 AD, with the trading code 9556 and the international code SA15M2B4LA13.

Tadawul Saudi Arabia said that the trading of “Nefouth Food Products” shares will be within daily price fluctuation limits of +/- 30%, with the application of fixed limits for price fluctuation at +/- 10%.

Yaqeen Financial Company, in its capacity as the financial advisor and IPO manager for offering the shares of Nufout Food Products Company “Nufout Food” in the parallel market “Nomu”, announced the completion of the offering process for 288 thousand ordinary shares, representing 12% of the company’s shares.

Yaqeen Financial said that the offering price amounted to 150 riyals per share, and the coverage rate reached 342.69% of the total shares offered during the offering period from Sunday, December 18, 2022, until Thursday, December 22, 2022.

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