Obeikan Glass, Saudi Azm to make TASI debut on July 21

Tadawul trading screen

The Saudi Exchange (Tadawul) said shares of Obeikan Glass Co. will list in the Main Market (TASI) as of July 21, trading with the symbol 4145 in the Capital Goods sector, according to a statement. In a separate statement, Tadawul said shares of Saudi Azm for Communication and Information Technology Co. will also debut on TASI as of July 21, with the symbol 7211 in the Software & Services sector.

 

Obeikan and Saudi Azm’s stock prices will trade at a 10% daily fluctuation limit.

 

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According to data available with Argaam, Tadawul approved in June the requests of both Obeikan Glass and Saudi Azm to move from the Nomu-Parallel Market to TASI.

 

Obeikan Glass has a capital of SAR 320 million, divided into 32 million shares, while Saudi Azm’s capital stands at SAR 30 million, with 60 million shares.

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