Adeer to make Nomu debut on May 26
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a statement today, May 18.
Separately, the Securities Depository Center Co. (Edaa) said Adeer's subscribed securities were deposited today, May 22, into the accounts of eligible shareholders.
According to Argaam data, the company earlier floated one million shares on Nomu at SAR 85 per share. The offering was 679.67% subscribed, with 927 subscribers.
The offered shares represented 20% of Adeer's SAR 50 million capital divided into 5 million shares at SAR 10 par value each.
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