‎Alsaif Gallery trades between SAR 101.80-113 on debut

‎Alsaif Gallery trades between SAR 101.80-113 on debut

AlSaif Stores for Development & Investment Co. (Alsaif Gallery) stock is trading between SAR 101.80 and SAR 113 in its first session today, Dec. 27, on the Saudi Exchange (Tadawul), compared to the listing price of SAR 115.

More than two million shares have been traded through nearly 12,000 transactions, valued at over SAR 220 million, so far.

Alsaif Gallery began trading on Tadawul today under retailing industry group, with the symbol 4192 and ISIN Code: SA15M1PI1G19.

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

The company offered 10.5 million shares, or 30% of its capital, on the main market, at SAR 115 per share, of which 90% was allocated to the participating parties and 10% to individual investors, according to data available with Argaam.

Each retail investor received a minimum of 10 shares, while the remaining shares were allocated pro rata, based on the demand size of every subscriber to total shares. The allotment ratio stood at 9.9%.