MARAFIQ shares debut on Tadawul today
- Date: 24-Nov-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
MARAFIQ shares debut on Tadawul today
Power and Utility Company for Jubail and Yanbu (MARAFIQ) will begin trading on the Saudi Exchange (Tadawul) today, Nov. 24, under the utilities sector, with the symbol 2083 and ISIN Code: SA15L0N10HH3.
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 13th listing on the main market in 2022, following Elm Co., East Pipes Integrated Company for Industry, Scientific & Medical Equipment House Co., Al-Dawaa Medical Services Co., Nahdi Medical Company, Al Masane Al Kobra Mining Co. (AMAK), Saudi Home Loans Co., Retal Urban Development Co., Alamar Foods, Naqi Water, Arabian Drilling, and Perfect Presentation.
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
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