Al Mawarid shares set to make Tadawul debut on June 19

Logo of Al Mawarid Manpower Co.

The Saudi Exchange (Tadawul) announced that the listing and trading of Al Mawarid Manpower Co. shares will start on Monday, June 19, under the symbol 1833 and ISIN code SA15QH00SKH0.

Shares will trade with ±30% daily and ±10% static price fluctuation limits, according to a bourse statement.

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.

The Securities Depository Center Co. (Edaa) deposited today, June 15, Al Mawarid’s subscribed securities into the accounts of eligible shareholders, Argaam earlier reported.

Al Mawarid closed its retail initial public offering (IPO), which was 1644.9% oversubscribed, Argaam reported.

A minimum of one share was allocated per individual subscriber. The remaining shares will be allocated pro rata, with an allocation factor of 2.85%.

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