Latest news with #SecuritiesDepositoryCenter
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
22-05-2025
- Business
- Argaam
Adeer to make Nomu debut on May 26
The Saudi Exchange (Tadawul) announced that Adeer Real Estate Co. 's shares will list and start trading on the Nomu -Parallel Market on May 26, with the symbol 9634 and ISIN Code SA16A1AKMH11. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, May 18. Separately, the Securities Depository Center Co. (Edaa) said Adeer's subscribed securities were deposited today, May 22, into the accounts of eligible shareholders. According to Argaam data, the company earlier floated one million shares on Nomu at SAR 85 per share. The offering was 679.67% subscribed, with 927 subscribers. The offered shares represented 20% of Adeer's SAR 50 million capital divided into 5 million shares at SAR 10 par value each.
Argaam
18-05-2025
- Business
- Argaam
Dkhoun to make Nomu debut on May 20
The Saudi Exchange (Tadawul) announced that Dkhoun National Trading Co. 's shares will list and start trading on the Nomu -Parallel Market on May 20, with the symbol 9635 and ISIN Code SA16A1SKMHH5. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, May 18. For More IPOs Separately, the Securities Depository Center Co. (Edaa) said Dkhoun's subscribed securities were deposited today into the accounts of eligible shareholders. According to Argaam data, the company earlier floated 400,000 shares on Nomu at SAR 121 per share. The offering was 119.19% subscribed, with 545 subscribers. The offered shares represented 20% of Dkhoun's SAR 20 million capital.
Asharq Al-Awsat
19-02-2025
- Business
- Asharq Al-Awsat
Saudi Arabia Launches 'Edaa Connect' to Streamline Access to Investment Funds
The Securities Depository Center, part of the Saudi Tadawul Group, has launched Edaa Connect, a platform designed to enhance access to investment opportunities in funds within the Saudi financial market. Announced on the first day of the Financial Markets Forum 2025, the platform aims to offer a seamless investment experience by integrating various fund options, making subscription and redemption processes more efficient for investors. According to Edaa, the platform provides significant advantages for fund managers by offering advanced tools to optimize their operations. It also increases fund visibility and accessibility, allowing managers to reach a broader investor base and fostering greater competitiveness in the market. Edaa CEO Hanan Mohammed Alshehri described the launch as a major milestone, emphasizing its role in improving portfolio management, decision-making, and overall investment efficiency. Edaa Connect would contribute to the ongoing evolution of the Saudi financial market by simplifying investment processes and enhancing market transparency, she added. The platform integrates with existing financial services but focuses specifically on funds not listed on Tadawul Saudi, ensuring a comprehensive and tailored experience for investors. This initiative strengthens the accessibility of the investment fund market and supports broader market participation.
