The share of Taqaddam International for Communications and Information Technology, ICTEC, rose today, Thursday, by a maximum percentage of 30%, at a price of 143 riyals per share, during the first trading day of the share in the parallel Saudi market.
According to Arabia Net, the value of trading on ICTEC shares reached 2.85 million riyals, through trading about 19.97 thousand shares.
Today, Thursday, the listing and trading of the shares of Taqaddam International for Communications and Information Technology began in the Nomu market.
The daily price fluctuation limits will be up and down 30% with the application of fixed limits for price fluctuation at up and down 10%.
The final offer price was set at 110 riyals per share, with a coverage rate of 19.8 times of the total shares offered, noting that the company intends to offer 20% of its shares.
It should be noted that Taqaddam International for Communications and Information Technology was established in 2016 and specializes in the field of technical solutions and security systems.
The company imports, installs, operates and maintains security surveillance cameras, bag and parcel inspection devices, anti-theft alarm systems and metal detection gates, and has a factory that manufactures some of its products.
