Signworld to make Nomu debut on Sept. 3

Logo of National Signage Industrial Co. (Signworld)

Shares of National Plates Manufacturing Co. (Signworld) will list and start trading on the Nomu-Parallel Market on Sept. 3, under the symbol 9645 and ISIN Code SA16C064MMH2.

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, the Saudi Exchange (Tadawul) said today, Sept. 1.

For More IPOs

Separately, the Securities Depository Center Co. (Edaa) said Signworld’s subscribed securities were deposited today into the accounts of eligible shareholders.

According to data available with Argaam, the company floated 1.5 million shares on Nomu, at SAR 12 per share, in an offering that ran from Aug. 17-24.

The offered shares represented 20% of the company’s post-IPO capital and 25% of pre-IPO capital.

The offering was 108.74% oversubscribed.