Next Wednesday... the start of listing "Tadawul Saudi" on the market

The listing and trading of the shares of the Saudi Tadawul Group Holding Company will officially start next Wednesday, December 8, 2021.

The Saudi market management indicated that the daily price fluctuation limits for the group's shares will be (+/-30%); With the application of fixed limits for price fluctuation at (+/-10%).

It added that these limits will be applied only during the first three days of listing, and starting from the fourth trading day, the daily price volatility limits will be reset to (+/- 10%), and canceling the fixed limits of price fluctuation.

For its part, the Securities Depository Center Company (Edaa) announced in a separate statement the addition of the subscribed securities in the Saudi Tadawul Group Holding Company, on Monday, 6 This December will be transferred to the Center's accounts for eligible shareholders.

The Saudi Stock Exchange Company (Tadawul) announced last April 7 its transformation into a holding company under the name of (the Saudi Tadawul Group), with a new structure that supports the development of the future of the market. The Saudi financial system, and to ensure its continuity of development, and as another step towards the group’s readiness for the initial public offering during the current year.

The Saudi Tadawul Holding Group includes 4 companies, namely; Tadawul Saudi Arabia as a stock exchange (Tadawul), the Clearing Center Company (Muqassa), the Securities Depository Center Company (Edaa), and the new (Wamed) company.