Riyadh – Mubasher: Riyadh Cables Group Company will begin listing and trading its shares on the Main Market of the Saudi Exchange (Tadawul) under the symbol 4142 on Monday, 19 December 2022.
Tadawul noted 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. Starting from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%, whereas the static price fluctuation limits will no longer apply.
Last October, the Capital Market Authority (CMA) passed the initial public offering (IPO) of Riyadh Cables Group to trade 33 million shares, accounting for 22% of its share capital, on Tadawul.
