Meyar to debut on Nomu on May 1
- Date: 27-Apr-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Meyar to debut on Nomu on May 1
The Saudi Exchange (Tadawul) announced today, April 27, that shares of Meyar Co. will begin trading on Nomu-Parallel Market on May 1, with the symbol 9565 and ISIN Code SA15PGTKLEH9.
Daily and static fluctuation limits will be ±30% and ±10%, respectively, Tadawul said in a statement.
Meanwhile, the Securities Depository Center (Edaa) announced depositing the company's subscribed securities into the accounts of eligible shareholders today.
Meyar floated 265,400 shares, or 20% of its share capital, on Nomu, according to Argaam's data.
The offering price was set at SAR 59 per share, while the offering was 943% oversubscribed.
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