Today, Monday, the listing and trading of Resources for Human Resources shares begins on the main market of Saudi Arabia.
Saudi Tadawul said the company will be listed under trade code 1833 and international symbol SA15QH00SKH0, subject to daily price fluctuation limits of 30% up or down, with fixed price fluctuation limits of 10% up. or down.
These limits will only apply during the first three days of listing, and starting on the fourth day of trading, daily price fluctuation limits will be reset to 10% up or down, and fixed price fluctuation limits will be eliminated.
The company offered 4.5 million shares, representing 30% of its capital, at a price of 64 rials per share, 90% of the outstanding shares were distributed to institutions and 10% to individual investors.
The segment of individuals was covered by more than 1600%, and the total number of requests was about 474 million rials.
A minimum of one share was allocated to each individual subscriber included in the subscription application, while the remaining shares were distributed on a pro rata basis with a distribution ratio of 2.8%.
