Riyal Motors to start trading on Nomu on Oct. 24

22/10/2023 Argaam

Riyal Motors to start trading on Nomu on Oct. 24

Logo of Riyal Investment Development Co. (Riyal Motors)

The Saudi Exchange (Tadawul) announced that shares of Riyal Investment Development Co. (Riyal Motors) will be listed and traded on Nomu-Parallel Market as of Oct. 24, with the symbol 9584 and ISIN SA15SGL4LO12.

 

The daily and static price fluctuation limits will be ±30% and ±10%, respectively, according to a statement today, Oct. 22.

 

In a separate statement, the Securities Depository Center Co. (Edaa) announced depositing today the subscribed securities of Riyal Motors into the accounts of eligible shareholders.

 

According to data available on Argaam, Riyal Motors floated 750,000 shares, or 9% of its SAR 80 million capital divided into eight million shares, on Nomu.

 

Qualified investors’ subscription period ran from Oct. 1-5, with a 145% coverage ratio.

 

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