Axelerated Solutions to make Nomu debut on June 1
The Saudi Exchange (Tadawul) announced that Axelerated Solutions for Information and Communication Technology Co. 's shares will list and start trading on the Nomu -Parallel Market on June 1, with the symbol 9637 and ISIN Code SA16AGDKMIH2.
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, May 28.
For More IPOs
Separately, the Securities Depository Center Co. (Edaa) said Axelerated Solutions's subscribed securities were deposited today into the accounts of eligible shareholders.
According to Argaam data, the company earlier floated 3 million shares on Nomu at SAR 27 per share. The offering was 208.10% subscribed.
The offered shares represented 10.71% of the company's SAR 28 million post-IPO capital, divided into 28 million shares with a nominal value of SAR 1 each.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Arabiya
an hour ago
- Al Arabiya
US proposes 60-day ceasefire for Gaza, plan shows
A US plan for Gaza seen by Reuters on Friday proposes a 60-day ceasefire and the release of 28 Israeli hostages, alive and dead, in the first week, in return for the release of 125 Palestinian prisoners sentenced for life and remnants of 180 Palestinian dead. The plan includes sending aid to Gaza as soon as Hamas signs off on the ceasefire agreement.
Arab News
an hour ago
- Arab News
US proposes 60-day ceasefire for Gaza, plan shows
A US plan for Gaza seen by Reuters on Friday proposes a 60-day ceasefire and the release of 28 Israeli hostages alive and dead in the first week, in return for the release of 125 Palestinian prisoners sentenced for life and remnants of 180 Palestinian dead. The plan includes sending aid to Gaza as soon as Hamas signs off on the ceasefire agreement.
Arab News
6 hours ago
- Arab News
Unilever's Ben & Jerry's calls war in Gaza a ‘genocide'
NEW YORK: The independent board of Ben & Jerry's said the ongoing conflict in Gaza is a genocide, setting up the ice cream maker for another tussle with its London-based corporate parent Unilever. 'Ben & Jerry's believes in human rights and advocates for peace, and we join with those around the world who denounce the genocide in Gaza,' the board said in a statement viewed by Reuters. 'We stand with all who raise their voices against genocide in Gaza-from petition-signers to street marchers to those risking arrest.'
