Mufeed shares to make Nomu debut on Nov. 26

24/11/2024 Argaam
Logo of Mufeed Co.

Logo of Mufeed Co.

The Saudi Exchange (Tadawul) announced that Mufeed Co. shares will be listed and make debut on the Nomu-Parallel Market on Nov. 26, with the symbol 9615 and ISIN Code SA16516KM7H2.

 

The stock will trade with a daily price fluctuation limit of +/- 30% and +/- 10% static price fluctuation limits, Tadawul said in a statement.

 

For More IPOs

 

The Securities Depository Center Co. (Edaa) deposited Mufeed’s subscribed securities to the accounts of eligible shareholders today, Nov. 24, according to a separate statement.

 

Mufeed earlier floated 600,000 shares, or 9.09% of capital, on Nomu, at SAR 77 each, with a coverage ratio of 515.5%, according to data available with Argaam.

 

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