Shmoh Almadi shares to debut on Nomu on Jan. 13

09/01/2025 Argaam

Shomoh Almadi shares to debut on Nomu on Jan. 13

Logo of Shmoh Almadi Co.

The Saudi Exchange (Tadawul) announced today, Jan. 9, that shares of Shmoh Almadi Co. will start trading on the Nomu-Parallel Market on Jan. 13, with the symbol 9622 and ISIN Code SA1660B4MB12.

 

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

 

For More IPOs

 

In a separate statement, the Securities Depository Center Co. (Edaa) announced that the company’s subscribed securities were deposited into the accounts of eligible shareholders today.

 

Shmoh Almadi earlier floated 1.4 million shares on Nomu.

 

The offer shares represented 14.89% of the company’s post-IPO capital (or 17.5% of pre-IPO capital).

 

Post-IPO, the company’s capital will increase by SAR 40 million, divided into 8 million shares at a nominal value of SAR 5 each.

 

The offering was 195.47% subscribed, according to data available with Argaam.

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