Al Kuzama Trading to debut on Saudi's Nomu on June 2
Shares of Al Kuzama Trading Company will be listed on the Nomu-Parallel Market on June 2.
The stock will trade with daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange said in a statement.
This month, the company sold 422,400 shares on Nomu, representing 10.71% of its post-IPO capital, to qualified investors.
The offering was 108.38% oversubscribed, with the price set at SAR 107 per share.
The minimum and maximum subscriptions were fixed at 10 and 197,100 shares, respectively.
(Editing by Seban Scaria seban.scaria@lseg.com)
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