Axelerated Solutions to make Nomu debut on June 1
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, May 28.
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Separately, the Securities Depository Center Co. (Edaa) said Axelerated Solutions's subscribed securities were deposited today into the accounts of eligible shareholders.
According to Argaam data, the company earlier floated 3 million shares on Nomu at SAR 27 per share. The offering was 208.10% subscribed.
The offered shares represented 10.71% of the company's SAR 28 million post-IPO capital, divided into 28 million shares with a nominal value of SAR 1 each.
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