Today, Thursday, the listing and trading of the shares of “First Mills” begins in the main Saudi market.
The “First Mills” will be listed with the trading code 2283 and the international code “SA15QGU13LH9”, provided that the daily price fluctuation limits are 30% in increase or decrease, with the application of fixed limits for price fluctuation at 10% in increase or decrease.
These limits are applied only during the first three days of listing “First Mills”, 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.
Al-Ahly Capital, in its capacity as the subscription manager, financial advisor, director of the institutional subscription record, and underwriter for the initial public offering of the “First Mills” company, had announced the completion of the offering process for the individual category and the allocation of a minimum of 4 shares to each individual subscriber included in the subscription application, while the shares were allocated remaining on a pro rata basis based on the volume of each subscriber’s application to the total remaining shares to be subscribed for.
First Mills offered 16.65 million shares representing 30% of the capital, 90% of which was allocated to participating groups and 10% to individuals.
The offering price was 60 riyals per share.
