Saudi White Cement to debut on Nomu starting Sept. 2

Saudi White Cement Co. will start trading on Nomu Parallel Market as of Wednesday, Sept. 2, 2020, under the symbol 9512, with a daily fluctuation limit of 20%, according to the Saudi Stock Exchange (Tadawul).

According to data compiled by Argaam, the Capital Market Authority (CMA) approved on June 29, 2020, the first direct listing of Saudi White Cement on the Nomu Parallel Market.

The Securities Depository Center Company (Edaa) credited on Sunday, August 30, the subscribed securities of Saudi White Cement to eligible shareholders' portfolios.

The IPO price was set at SAR 20 per share, Argaam earlier reported.

Saudi White Cement Co., a joint stock company, was established in 1997, in Riyadh with a capital of SAR 300 million. It is one of the first companies to manufacture white cement across the Kingdom, which started its production in 2001.

The company raised its capital to SAR 1.2 billion in 2011, by issuing 90 million new shares in favor of Riyadh Cement Co. (RCC) shareholders, to acquire all the shares in its capital.

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