As of Monday, December 20, 2021, the shares of Al Minaj Food Company will be listed and started trading in the main market, with Tadawul code 4162 and international code SA15DGU21117, according to what was announced by Saudi Tadawul
And according to Arabiya Net, it added in a statement, today, Thursday, that the daily price fluctuation limits are by 30%, up or down, with the application of fixed limits for price fluctuation at 10% in case of increase or decrease.
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 fixed price volatility limits will be abolished.
HSBC Saudi Arabia had announced the completion of the offering process for the individual category of Al-Munajm Food Company shares, and a minimum of 4 shares were allocated to each individual subscriber included in the subscription application, with a coverage ratio of 11.9 times.
HSBC said in a previous statement, that the number of participants in covering the subscription of individuals recorded 431,302 thousand individuals, and the total value of individual requests is about 1.3 billion riyals.
She stated that the remaining shares will be allocated on a pro-rata basis based on the volume of each subscriber's request to the total remaining shares required to be subscribed.
The percentage of allocation by subtraction is 0.3793% on a proportional basis, noting that the fractional shares have been accumulated and allocated in a descending manner, starting with the highest requests, at the rate of one share for each request until its expiry.
Al-Munajj offered 18 million shares, representing 30% of the company's capital, and allocated 90% of them to participating institutions and 10% to individuals.
