Logo of Arabian Mills Co.
Shares of Arabian Mills for Food Products Co. rose during their debut on the Saudi Exchange (Tadawul) today, Oct. 8, between SAR 66.60-72.60, compared to the offer price of SAR 66. 
The company recorded a traded volume of about 11 million shares, exchanged through more than 43,000 transactions at a turnover reaching SAR 750 million.
Arabian Mills shares began trading on the Main Market today, under the symbol 2285 and ISIN Code SA164H113MH2, at SAR 66 a share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively. These fluctuation limits will be applied during the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10% and the static price fluctuation limit will no longer apply.
The company offered 15.39 million shares, or 30% of its capital at SAR 66 each. Retail investors were allocated 10% of total offered shares, and institutions were allocated 90%.
Logo of Arabian Mills Co.
Shares of Arabian Mills for Food Products Co. rose during their debut on the Saudi Exchange (Tadawul) today, Oct. 8, between SAR 66.60-72.60, compared to the offer price of SAR 66.
The company recorded a traded volume of about 11 million shares, exchanged through more than 43,000 transactions at a turnover reaching SAR 750 million.
Arabian Mills shares began trading on the Main Market today, under the symbol 2285 and ISIN Code SA164H113MH2, at SAR 66 a share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively. These fluctuation limits will be applied during the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10% and the static price fluctuation limit will no longer apply.
The company offered 15.39 million shares, or 30% of its capital at SAR 66 each. Retail investors were allocated 10% of total offered shares, and institutions were allocated 90%.
