Latest news with #UmmAlQuraforDevelopmentandConstructionCo
Argaam
24-03-2025
- Business
- Argaam
UQDC surges 30% on TASI debut
Shares of Umm Al Qura for Development and Construction Co. (UQDC) surged 30% in their debut trading session on the Main Market (TASI) today, March 24, reaching SAR 19.50, up SAR 4.50 from the listing price of SAR 15. The stock saw a trading volume of 6.5 million shares, with a total turnover of SAR 125 million, executed through approximately 5,500 transactions. UQDC, trading under the symbol 4325 and ISIN SA169G7I3IH8, was listed at SAR 15 per share, with a nominal value of SAR 10. 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 limit will revert to ±10%, while the static price fluctuation limit will no longer apply. The company earlier floated 130.79 million shares, or 9.09% of its capital. As much as 90% of the shares on offer were allocated to institutions, while the remaining 10% was allotted to retail investors.
Argaam
05-03-2025
- Business
- Argaam
Umm Al Qura for Development IPO: Subscription period, key dates
Retail investors will start today, March 5, subscription to Umm Al Qura for Development and Construction Co. 's 13.08 million shares at SAR 15 apiece. The retail offering will end on March 9. The company offered 130.79 million shares, or 9.09% of its post-IPO capital, 10% of which were allocated to retail investors and 90% to institutions.
