Riyadh-Mubasher: The shares of Al Yamamah Steel Industries Co. will start trading on the Saudi Stock Exchange (Tadawul) on 22 May, according to a bourse statement.
The company’s shares will be within the building and construction sector under the symbol 1304, with a fluctuation limit of 10%.
Al Yamamah received an approval from Saudi’s market regulator last March to launch an initial public offering for 15.24 million shares, or 30% of capital.
On 16 May, Tadawul announced the addition of Al Yamamah's subscribed shares according to allotment ratio.
Individuals’ subscriptions reached 479%, with a minimum of 5 shares allotted for each subscriber, Riyadh Capital earlier announced.
