Latest news with #Edaa
Argaam
2 days ago
- Business
- Argaam
Al Kuzama shares to debut on Nomu on June 2
The Saudi Exchange (Tadawul) announced that Al Kuzama Trading Co. will start trading on the Nomu -Parallel Market as of June 2, with the symbol 9636 and ISIN Code SA16AG54MI15. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a Tadawul statement today, May 29. For More IPOs Separately, the Securities Depository Center Co. (Edaa) said Al Kuzama's subscribed securities were deposited today into the accounts of eligible shareholders. According to Argaam data, the company earlier floated 422,400 shares, representing 10.71% of the company's post-IPO capital and 12% of pre-IPO capital, at a nominal value of SAR 10 each. The final IPO price was set at SAR 107 each, and the offering was 108.38% covered.
Argaam
3 days ago
- Business
- Argaam
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.
Argaam
4 days ago
- Business
- Argaam
Saudi Lime secures CMA go-head on capital hike to SAR 231M via bonus shares
The Capital Market Authority (CMA) approved today, May 27, Saudi Lime Industries Co. 's request to increase capital from SAR 220 million to SAR 231 million by issuing one bonus share for every 20 shares held. Eligible shareholders will be those registered with the Securities Depository Center (Edaa) by the end of the second trading day following the record date, which will be determined later by the company's board of directors, the market regulator said in a statement. The planned capital top-up will be funded by transferring SAR 11 million from the retained earnings account, which will raise the number of shares from 22 million to 23.10 million. The CMA stipulated that the deciding extraordinary general meeting (EGM) meeting must be held within six months from its approval date. The company must also fulfill the necessary legal procedures and requirements. According to data available with Argaam, last March, Saudi Lime's board recommended a 5% capital hike via bonus shares, as outlined in the following table:
Argaam
5 days ago
- Business
- Argaam
UCIC shares to debut on TASI on May 27
The Saudi Exchange (Tadawul) announced that shares of United Carton Industries Co. (UCIC) will be listed and start trading on the Main Market (TASI) on May 27, with the symbol 1323 and ISIN Code SA16AGP0KLH7. The stock will trade with daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively during the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10% and the static price fluctuation limits will no longer apply. In a separate statement, the Securities Depository Center Co. (Edaa) announced the deposit of UCIC subscribed securities into the accounts of eligible shareholders today, May 26. UCIC issued 2.4 million shares to retail investors, representing 20% of the total offered shares of 12 million, at SAR 50 each, according to data available with Argaam. The institutional offering was nearly 126x covered, while the retail subscription was 8.9x covered. As many as 396,600 retail subscribers injected about SAR 1.07 billion. The company operates with SAR 400 million in capital, divided into 40 million shares, at a nominal value of SAR 10 each.
Argaam
5 days ago
- Business
- Argaam
Edaa applies capital reduction for SIIG
The Securities Depository Center Co. (Edaa) implemented today, May 26, a reduction in securities for Saudi Industrial Investment Group (SIIG) in the accounts of eligible shareholders. According to data available with argaam, SIIG shareholders approved on a 10% capital decrease to SAR 6.8 billion from SAR 7.5 billion, for exceeding business needs, during an extraordinary general meeting (EGM) held recently. Shareholders will be compensated for the cancelled shares by the distribution of SAR 754.8 million, at the rate of SAR 10 per cancelled share.
