Riyadh – Mubasher: Nayifat Finance Company will start the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) tomorrow, 22 November.
The daily and static fluctuation limits for the stock have been set as +/- 30% and +/- 10%, respectively, Tadawul announced in a bourse filing on Sunday.
Earlier this month, Nayifat unveiled that the final price of its initial public offering (IPO) was set at SAR 34 per share, implying a market capitalisation on admission of SAR 3.4 billion million ($907 million).
