Sumou Real Estate to debut on Nomu starting May 11

08/05/2020 Argaam

 

Sumou Real Estate Company will start trading on Nomu Parallel Market as of Monday, May 11, 2020, under the symbol 9511, with a daily fluctuation limit of 20%, according to the Saudi Stock Exchange (Tadawul).
 

The Securities Depository Center Company (Edaa) credited today, Thursday, May 7 the subscribed securities of Sumou to eligible shareholders' portfolios.

 

Sumou’s initial public offering (IPO), which closed last Thursday, was 236% oversubscribed by 113 subscribers that bought 2.95 million shares.

 

The IPO price was set at SAR 24 per share, Argaam earlier reported.

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