starting next Monday with the trading code 2081 and the international code SA1591410GH0, the shares of Alkhorayef Water and Energy Technology Company will be listed and started trading in the main market.
According to Arabnet, the company said in a statement that the daily price fluctuation limits are +/- 30% with the application of fixed limits for price volatility at +/- 10%.
She explained that these limits will be applied only during the first three days of listing, and starting from the fourth day of trading, the daily price volatility limits will be reset to - / + 10%, and the fixed limits of price volatility will be canceled.
Earlier, Saudi Fransi Capital, the financial advisor and IPO manager for the AlKhorayef Water and Power Technology Company, announced the end of the public offering of the company’s shares, with a coverage ratio of 1511.52% retail subscription.
The number of individual subscribers reached 136,988 subscribers who pumped 816,220,800 riyals to subscribe to 750,000 shares at a price of 72 riyals per share.
Based on the provisions of the prospectus, 750,000 ordinary shares were allocated to individual subscribers, representing 10% of the total shares offered for public subscription, while 6,750,000 ordinary shares were allocated to institutionalized subscribers, which represent 90% of the total shares offered for subscription.
