Riyadh – Mubasher: Al Taiseer Group Talco Industrial Company and Rasan Information Technology Company will list their shares on the Saudi Exchange (Tadawul) on Thursday, 13 June.
Tadawul highlighted that the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively, according to a bourse disclosure.
The fluctuation limits will be applied during the first three days of the listing, until 15 June. As from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%, while the static price fluctuation limits will no longer apply.
Al Taiseer and Rasan will float their shares on the main market under the symbols 4143 and 8313, respectively.
The Capital Market Authority (CMA) greenlighted the initial public offering (IPO) of Al Taiseer in December 2023, while Rasan obtained the authority’s nod in March 2024.
Both companies will float 30% of their share capital, with Rasan trading 22.74 million ordinary shares and Al Taiseer offering 12 million shares.
