Saudi Tadawul stated that the trading of the shares of the Arab Technical Contracting Company will start in the main market as of next Monday, November 15, 2021.
According to Arabiya Net, Tadawul said in a statement that the company's shares will be traded with the code 4071 and the international code SA15D1I1VJH7, provided that the daily price fluctuation limits are +/-30% with Applying fixed limits for price fluctuation at +/- 10%..
Tadawul stated 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 the abolition of the fixed limits of price fluctuation.
The company offered last October 15 million shares, representing 30% of the company's capital, 90% of which were allocated to the participating parties and 10% to individuals.
The subscription period for individual subscribers began on Tuesday, October 26, 2021, and ended on Thursday, October 28, 2021 by subscribing to the entirety of the shares allocated to this tranche, amounting to 1.5 One million shares at 10% of the total offered shares, at a price of 100 Saudi riyals per share, through the receiving entities.
