Logo ofConsolidated Grünenfelder Saady Holding Co. (CGS)
Shares of Consolidated Grünenfelder Saady Holding Co. (CGS) are trading between SAR 9.70 and SAR 10.79 on debut today, Dec. 9, compared to the listing price of SAR 10. 
Approximately 12 million shares, worth SAR 120 million, were traded through around 10,000 transactions.
The company started trading on the Main Market (TASI) today, Dec. 9, under the symbol 4147 and ISIN Code SA16DG520PH3.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the third trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.
CGS offered 30 million shares, or 30% of its capital, on TASI. The company’s capital is SAR 100 million, divided into 100 million shares with a nominal value of SAR 1 per share.
The retail IPO tranche was 70.9% covered, based on the 6 million shares allocated to individual investors, representing 20% of the offering.
Meanwhile, the institutional IPO tranche was 61.6x covered.
Logo ofConsolidated Grünenfelder Saady Holding Co. (CGS)
Shares of Consolidated Grünenfelder Saady Holding Co. (CGS) are trading between SAR 9.70 and SAR 10.79 on debut today, Dec. 9, compared to the listing price of SAR 10.
Approximately 12 million shares, worth SAR 120 million, were traded through around 10,000 transactions.
The company started trading on the Main Market (TASI) today, Dec. 9, under the symbol 4147 and ISIN Code SA16DG520PH3.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the third trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.
CGS offered 30 million shares, or 30% of its capital, on TASI. The company’s capital is SAR 100 million, divided into 100 million shares with a nominal value of SAR 1 per share.
The retail IPO tranche was 70.9% covered, based on the 6 million shares allocated to individual investors, representing 20% of the offering.
Meanwhile, the institutional IPO tranche was 61.6x covered.
