Saudi “Tadawul” announced the listing and start of trading Retal Urban Development Company in the main market, as of next Monday.
And “Tadawul Saudi Arabia” stated, in a statement, today, Thursday, that the “Retal Development” company will be with the Tadawul code 4322 and the international code SA15J1S23H17, and that the daily price fluctuation limits will be 30%, up or down, with the application of fixed limits for price fluctuation at 10%, up or down.
She added that these limits will be applied only during the first three days of listing, and starting from the fourth trading day, the daily price fluctuation limits will be reset to 10%, up or down, and the fixed limits of price fluctuation will be abolished.
Retal had offered 12 million shares, the company representing 30% of the company’s capital, 90% of which were allocated to the participating parties and 10% to individuals.
The final offering price was set at 120 riyals per share, and the percentage of institutional subscription coverage amounted to 62.7 times of the total shares offered, while the subscription of individuals amounted to 8.88 times.