Fad International to debut on Nomu on Nov. 28

26/11/2023 Argaam

Fad International to debut on Nomu on Nov. 28

Logo of Fad International Co.

The Saudi Exchange (Tadawul) announced that shares of Fad International Co. will be listed and start trading on the Nomu-Parallel Market as of Nov. 28 with the trading symbol 9589 and ISIN Code SA15THA4LQH2.

 

The stock will trade with daily and static price fluctuation limits of ±30% and ±10%, respectively, the company said in a statement to Tadawul today, Nov. 26.

 

In a separate statement, the Securities Depository Center Co. (Edaa) announced the addition of subscribed shares into the accounts of Fad International's eligible shareholders today.

 

According to data available on Argaam, Fad International floated 240,000 shares, representing 20% of its share capital, on Nomu at SAR 84 per share, in an offering that was 922.55% covered.

 

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