Riyadh – Mubasher: Molan Steel Company will start listing and trading its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Tuesday, 20 December.
Tadawul pointed out that the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively, according to a bourse disclosure.
Under the symbol 9553, Molan will list 532,414 ordinary shares, representing 20.02% of its issued share capital.
Last November, the Saudi firm set the price for its offering on Nomu at SAR 24 per share, after the Capital Market Authority (CMA) had passed its request to trade on the parallel market in September.
