Marketing Home to debut on TASI on Tuesday

Logo of Marketing Home whose shares will debut on TASI on Sept. 2

Marketing Home Group Co. (MHG) is set to start trading on the Main Market (TASI) on Sept. 2, under the symbol 4194 and ISIN Code SA16C1AI1H11.

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The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.

Meanwhile, the Securities Depository Center Co. (Edaa) announced adding the subscribed shares to eligible shareholders’ accounts today, Sept. 1.

Marketing Home floated 4.8 million shares, or 30% of capital amounting to SAR 160 million, divided into 16 million shares, at a nominal value of 10 each. The stock is priced at SAR 85 apiece.

A minimum of 10 shares was allocated to each investor in the retail tranche. As many as 77,444 subscribers took part in the offering, which was 200.24% oversubscribed. 

The institutional tranche was 967% covered.