Riyadh – Mubasher: Nofoth Food Products Company will commence the listing and trading of its shares on the Saudi Exchange (Tadawul) on Tuesday, 10 January.
The firm will be trading on Tadawul’s Parallel Market (Nomu) under the symbol 9556, according to a bourse disclosure.
The daily and static price fluctuation limits for Nofoth will be +/- 30% and +/- 10%, respectively.
Earlier, the Securities Depository Center (Edaa) announced the deposit of Nofoth’s subscribed securities into the accounts of the eligible shareholders.
Nofoth will list 288,000 ordinary shares on the Saudi stock market, after the final offering price was set at SAR 150 per share.
Yaqeen Capital Company, the financial advisor and lead manager for Nofoth’s offering, had unveiled the price range at SAR 135-150 per share.
