‎Al-Dawaa debuts on Tadawul today

‎Al-Dawaa debuts on Tadawul today

Al-Dawaa Medical Services Co. (DMSCO) will begin trading on the Saudi Exchange (Tadawul) today, March 14, with the symbol 4163 and ISIN Code: SA15H14I11H6.

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

These fluctuation limits will apply in the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%, and the static price fluctuation limits will no longer apply.

Al-Dawaa's IPO will be the fourth to be seen on Tadawul's main market this year, after Elm Co. on Feb. 3, East Pipes Integrated Company for Industry on Jan. 24, and the IPO of Scientific & Medical Equipment House Co. on Jan. 31, 2022.

Last year witnessed nine IPOs, including Alkhorayef Water and Power Technologies Co., Theeb Rent a Car Co., Tanmiah Food Co., solutions, International Company for Water and Power Projects (ACWA Power), Arabian Contracting Services Co. (Al Arabia), Nayifat Finance Co., Saudi Tadawul Group and Almunajem Foods Co.

Accordingly, the number of listed companies on Tadawul will rise to 196, excluding 17 REITs.

The company offered 25.5 million shares, representing 30% of its capital, of which 90% was allocated to participating parties and 10%