Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Thursday announced that Al Yamamah Steel Industries Company will be listing and trading will commence on the stock starting Sunday, 22 May.
Tadawul noted that the company will be listed under the building and construction sector with a the ticker “1304”. It added that it expects a 10% fluctuation on the stock, according to a statement.
Retail investors’ total subscription in the industrial firm reached 479%.
The Saudi Capital Market Authority (CMA) in March approved the offering 15.24 million shares for public subscription, representing 30% of Al Yamamah Steel’s capital.
