‎Naqi Water shares debut on Tadawul today

‎Naqi Water shares debut on Tadawul today

Naqi Water Co. will begin trading on the Saudi Exchange (Tadawul) today, Aug. 15, under the symbol 2282 and ISIN code SA15JH2H3L19.

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

These fluctuation limits will be applied during 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.

This will be the 10th listing on the main market this year, after East Pipes Integrated Company for Industry (Jan. 24), Scientific & Medical Equipment House Co. (Jan. 31), Elm Co. (Feb. 3), Al-Dawaa Medical Services Co. (Feb. 27), Al Masane Al Kobra Mining Co. (March 9), Nahdi Medical Co. (March 13), Saudi Home Loans Co. (March 27), Retal Urban Development Co. (June 5) and Alamar Foods (Aug. 9).

Last year witnessed nine listings, including Alkhorayef Water and Power Technologies Co., Theeb Rent a Car Co., Tanmiah Food Co, Arabian Internet and Communications Services Co. (solutions), ACWA Power, Arabian Contracting Services Co., Nayifat Finance Co., Saudi Tadawul Group and Almunajem Foods Co.

Naqi Water’s listing will bring the total number of Tadawul-listed