Horizon Food to debut on Nomu on March 26

Logo of Afaq Food

Horizon Food Co. will begin trading on Nomu-Parallel Market on March 26, with the symbol 9564 and ISIN Code: SA15PGIKLE15, Tadawul said in a statement.

 

The stock will have daily price fluctuation limits of +/-30% and static fluctuation limits of +/-10%.

 

Meanwhile, the Securities Depository Center Co. (Edaa) announced, in a statement, depositing the company's subscribed shares today, March 22, into the accounts of eligible shareholders.

 

The company offered 1.6 million ordinary shares, or 20% of capital, at SAR 37 each. The initial public offering (IPO) was 103% oversubscribed, according to Argaam's data.

 

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