Logo ofFirst Avenue Real Estate Development Co.
First Avenue Real Estate Development Co. will start trading on the Nomu-Parallel Market on Oct. 16, under the symbol 9610 and ISIN code SA164G34M512. 
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed today, Oct. 14.
In a separate statement, the Securities Depository Center Co. (Edaa) announced the addition of the subscribed securities in First Avenue today, Oct. 14, into the center’s accounts of eligible securities’ holders.
According to data available on Argaam, qualified investors started, on Sept. 10, subscription to 16.42 million shares of First Avenue on Nomu. The offering range has been set between SAR 5.7 to SAR 6 apiece.
The offered shares represent 8.01% of post-IPO capital, amounting to SAR 205 million, or 8.7% of pre-IPO capital.
The coverage ratio reached 740.1% of the total shares offered.
Logo ofFirst Avenue Real Estate Development Co.
First Avenue Real Estate Development Co. will start trading on the Nomu-Parallel Market on Oct. 16, under the symbol 9610 and ISIN code SA164G34M512.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed today, Oct. 14.
In a separate statement, the Securities Depository Center Co. (Edaa) announced the addition of the subscribed securities in First Avenue today, Oct. 14, into the center’s accounts of eligible securities’ holders.
According to data available on Argaam, qualified investors started, on Sept. 10, subscription to 16.42 million shares of First Avenue on Nomu. The offering range has been set between SAR 5.7 to SAR 6 apiece.
The offered shares represent 8.01% of post-IPO capital, amounting to SAR 205 million, or 8.7% of pre-IPO capital.
The coverage ratio reached 740.1% of the total shares offered.
