Logo of Nayifat Finance Co.
Nayifat Finance Co. (NFC) will begin trading on the Saudi Exchange (Tadawul) as of Monday, Nov. 22, with the symbol 4081 and ISIN Code: SA15DGH1VOH4.
The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits. These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10% and the static price fluctuation limits will no longer apply.
Retail investors started, on Nov. 7, subscription to 3.5 million shares of NFC, at SAR 34 a share. A minimum of three shares were allocated for each subscriber, Argaam reported.
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