‎Balady Poultry shares start trading on Nomu today

‎Balady Poultry shares start trading on Nomu today

Balady Poultry Co.'s shares will start trading on Nomu Parallel Market today, March 19, with the symbol 9559 and ISIN Code SA15OHDKLBH0, at a price of SAR 91 per share.

The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

The Capital Market Authority (CMA) approved, on Dec. 28, 2022, the company’s application to list its shares on Nomu, Argaam earlier reported.

The company announced on Jan. 18, its registration document to list on Nomu, setting the price guidance at SAR 91/share.

This will be the second direct listing on Nomu in 2023, after Alqemam for Computer Systems Co., while three other companies were offered to qualified investors.

Nomu witnessed IPOs of 32 companies last year, divided into 13 direct listings, 18 offerings to qualified investors and one REIT.

Balady Poultry listing will bring the total number of companies on Nomu to 50, in addition to one REIT (Alwaha REIT Fund).

Company Info:

Balady Poultry is a Saudi closed joint-stock company, established as a limited liability company in 2007 and headquartered in Khamis Mushait.

The company's capital amounts to SAR 65.7 million, divided into 6.57 million shares.

The company's activities, as stated in its commercial register, include operating slaughterhouses (slaughtering and preparing poultry,