Logo ofSaleh Abdulaziz Al Rashed Sons Co.
Saleh Abdulaziz Al Rashed Sons Co. will start trading on the Main Market (TASI) on March 11, with the symbol 1324and ISIN code SA16H0MGKM14, the Saudi Exchange (Tadawul) announced today, March 9. 
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price limits will no longer apply.
The Securities Depository Center Co. (Edaa) deposited Saleh A. Al Rashed subscribed securities today, in the accounts of eligible shareholders.
According to Argaam data, the company offered 5.58 million shares on TASI, at SAR 45 each. The offered shares represent 30% of the company’s capital of SAR 186 million, divided into 18.6 million shares at a par value of SAR 10 per share.
A total of 38,316 retail investors placed nearly SAR 121.5 million worth of buy orders on shares priced at SAR 45 each. The retail offer was 161% oversubscribed. A minimum of 10 shares was allocated per retail investor, with remaining shares to be distributed pro rata at an average allocation factor of 55.7%.
Logo ofSaleh Abdulaziz Al Rashed Sons Co.
Saleh Abdulaziz Al Rashed Sons Co. will start trading on the Main Market (TASI) on March 11, with the symbol 1324and ISIN code SA16H0MGKM14, the Saudi Exchange (Tadawul) announced today, March 9.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price limits will no longer apply.
The Securities Depository Center Co. (Edaa) deposited Saleh A. Al Rashed subscribed securities today, in the accounts of eligible shareholders.
According to Argaam data, the company offered 5.58 million shares on TASI, at SAR 45 each. The offered shares represent 30% of the company’s capital of SAR 186 million, divided into 18.6 million shares at a par value of SAR 10 per share.
A total of 38,316 retail investors placed nearly SAR 121.5 million worth of buy orders on shares priced at SAR 45 each. The retail offer was 161% oversubscribed. A minimum of 10 shares was allocated per retail investor, with remaining shares to be distributed pro rata at an average allocation factor of 55.7%.
