The shares of the car rental for maximum 30% rise in the beginning of its shares on Saudi stock market at the beginning of the meeting on Monday, arranged stocks.
According to Arab Net, the price of the arrow is 52 riyals, compared to the price of 40 riyals, which means a 30% stake.
The value of about 22.2 million riyals was reported by trading 427,000 shares, with 1949 deals.
Meanwhile, the main index of Saudi Stock Market has gained 0.49% equivalent to 46.8 points, to climb 9529.79 points.
The value of trading in the main market was about 2.05 billion riyals, with a trading of 55.99 million shares.
He began on Monday, insert and start trading shares of a car rental company in the main Saudi stock market with 4261 trading symbol and international symbols SA159GK22IH4 that the daily price oscillation limits are +/- 30% with the application of fixed boundaries at +/- 10%. / p>
These limits will be applied only during the first three days of insertion, starting from the fourth day of trading, the limits of daily price oscillation will be reset to - / + 10%, and the unknown limits of price oscillation, according to Saturday trading.
The subscription of individuals was covered 3385.37% and the number of subscribers was 414.588 subscribers who pumped 1.7 billion riyals to subscribe 1.29 million shares at a price of 40 riyals per share. The subscription of individuals in the company shares ended last Sunday.
1.29 million ordinary shares of individuals were allocated to 10%, from total shareholders, while 11.61 million ordinary shares were allocated to the institutions with an institutional character, which accounted for 90% of total stocks.
For the subscription of institutions, coverage has reached 6010% of total shares raised at a price of 40 riyals per share.
Participated in full shares, with 12.9 million ordinary shares, accounting for 100% of total stocks, were allocated for a first stage.
