Shares of Retal Urban Development Co. will debut on Tadawul on June 27 with the symbol 4322 and ISIN Code: SA15J1S23H17.

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, after which the daily price fluctuation limits will revert to +/- 10% and the static price fluctuation limits will no longer apply.

The company offered 12 million shares, representing 30% of its capital, of which 90% was allocated to participating parties and 10% to retail investors at SAR 120 per share.

The retail offering was 8.88x covered, as 233,100 investors subscribed to the company’s shares, with a total investment of SAR 1.3 billion.

Source: https://www.argaam.com/en/article/articledetail/id/1569792