Almasar Alshamil trades between SAR 18.33-20 on debut

11:24 AM (Mecca time) Argaam
Logo ofAlmasar Alshamil Education Co.

Logo of Almasar Alshamil Education Co.

Almasar Alshamil Education Co. is trading between SAR 18.33 and SAR 20 on debut today, Dec. 2, compared to the listing price of SAR 19.50.
 
Nearly 8 million shares changed hands so far, with a total value exceeding SAR 180 million across more than 12,000 transactions.
 

 

The company’s shares began trading on the Main Market (TASI) today under the symbol 6019 and ISIN Code SA56DG9IU1H8, at SAR 19.50 per share.

 

The stock trades in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. Starting the fourth trading day onwards, the daily price fluctuation limit will revert to ±10%, while the static price fluctuation limits will no longer apply.

 

The company offered 30.72 million shares, representing 30% of its capital of SAR 1,024.01 million, divided into 102.40 million shares with a nominal value of SAR 10 per share.

 

The retail IPO was 121% covered, with a minimum of 10 shares allocated to each retail subscriber. Rump shares were allocated on a pro-rata basis at an average allocation factor of 80.7%.

 

The institutional tranche was 10,290% covered.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.