The Saudi Tadawul announced that the shares of the Knowledge Network for Computers will be listed and traded in the parallel market, Nomu, as of Monday, March 20, 2023.
The company said in a statement on “Saudi Tadawul”, today, Thursday, that the listing of the “Knowledge Network” with the Tadawul code 9561 and the international code SA15PGK4LCH5.
She added that the daily price fluctuation limits will be +/- 30%, with the application of fixed price fluctuation limits at +/- 10%.
Amwal Finance, in its capacity as the financial advisor for the initial public offering of the “Knowledge Network for Computers” company in the parallel market “Nomu”, announced the completion of the book-building process and the public offering of 700,000 ordinary shares, representing 20% of the company’s total shares.
The company said that qualified investors subscribed to all the offered shares at a price of 40 riyals, which is the upper limit of the price range specified for the offering, and the offering coverage rate reached 141%.
She added that 100% of the required shares were allocated by the investment funds, and then the remaining shares were allocated to other subscribers (individuals or institutions) on a proportional basis based on the proportion of what each subscriber requested to the total shares available for allocation to them.
