‎Elm debuts on Tadawul today, second listing of 2022

‎Elm debuts on Tadawul today, second listing of 2022

Shares of Elm Co. will begin trading on the Saudi Exchange (Tadawul) as of today, Feb. 16, with the symbol 7203 and ISIN Code SA15GG53GHH3.

The stock will have ±30% daily price fluctuation limits and ±10% static price fluctuation limits. These fluctuation limits will be applied during the first three days of listing, and 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.

This will be the second listing on the main market in 2022.

Last year witnessed nine listings, including Alkhorayef Water and Power Technologies Co. (March 1), Theeb Rent a Car Co. (March 29), Tanmiah Food Co. (Aug. 4), solutions (Sept. 30), International Company for Power and Water Projects (ACWA Power) (Oct. 11), Arabian Contracting Services Co. (Al Arabia) (Nov. 15), Nayifat Finance Co. (Nov. 22), Saudi Tadawul Group (Dec. 8), and Almunajem Foods Co. (Dec. 20).

Elm's listing will bring the total number of Tadawul-listed companies to 194, excluding 17 REITs.

The company floated 24 million shares, of which 7.2 million shares were allocated for retail investors. The retail offering was 1311.6% covered and a minimum of six shares were allocated for each retail subscriber.

Company Info:

Elm