A stock ready to deliver orders in Saudi Arabia topped after it opened with a 10% rise on its first trading day in the parallel market.
According to Arabiya Net, ready issued the parallel market trading at a value of 46.67 million riyals through trading on about 50.4 thousand shares, reducing its gains after the opening to 3.29% at a price of 878 riyals per share.
Ready violated the performance of the declining market by 2.15% at the level of 25258.59 points.
Today, Wednesday, the listing and trading of the shares of Jahez International Company for Information Systems Technology began in the Nomu market, at a price of 850 riyals per share.
The company will be listed with the trading code 9526 and the international code SA15ED94KR18, provided that the daily price fluctuation limits are 30%, up and down, with the application of fixed limits for price fluctuation at 10% up and down.
HSBC Saudi Arabia, in its capacity as price stabilization manager for the IPO of Jahez, had announced the possibility of carrying out a price stabilization process for the offering shares in accordance with the instructions for the regulation of the price stability mechanism for the initial offerings.
It is noteworthy that the process of building a book of orders was covered for the segment of qualified investors (non-individuals) in the shares of Jahez International Company for Information Systems Technology by 38.8 times of the total offered shares, while the percentage of coverage of qualified investors (individuals) reached 588.90%.
The subscription period for qualified investors (individuals) began on Thursday, December 23, 2021, and ended on Sunday, December 26, 2021 by subscribing to all the shares allocated to this segment, amounting to 272,786 shares, representing 14.4% of the total offered shares, at a price of 850 Saudi riyals per share. According to a statement on the Saudi Tadawul website.
The total value of requests from qualified investors (individuals) reached 1.365 billion riyals.
