SMC to debut on TASI today at SAR 25/share
Shares of Specialized Medical Co. (SMC) starts trading on the Main Market (TASI) today, June 25, under the symbol 4019 and ISIN code SA16B0CHUPH2, priced at SAR 25 apiece.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.
SMC will be the eighth company to list on TASI this year, following the IPOs of Almoosa Health Co. on Jan. 7th, Nice One Beauty Digital Marketing Co. on Jan. 8th, Derayah Financial on March 10, Arabian Company for Agricultural & Industrial Investments (Entaj) on March 17, Umm Al Qura for Development and Construction Co. (Masar) on March 24, United Carton Industries Co. (UCIC) on May 27, and flynas on June 18.
Last year witnessed the listing of 13 companies, in addition to Alistithmar AREIC Diversified REIT Fund.
Listing SMC will bring the number of companies listed on Tadawul to 237, excluding the 19 listed real estate investment trusts (REITs).
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