Saudi Tadawul announced that the shares of the Knowledge Network for Computers will be listed and traded on the parallel market, Nomu, starting from Monday 20 March 2023.
The company said in a statement on “Saudi Tadawul”, today, Thursday, that the quotation of the “Knowledge Network” with the Tadawul code 9561 and the international code SA15PGK4LCH5.
It adds that the daily price fluctuation limits will be +/- 30%, with the application of fixed price fluctuation limits of +/- 10%.
Amwal Finance, in as financial advisor for the initial public offering of the company “Knowledge Network for Computers” in the parallel market “Nomu”, announced the completion of the process of book-building and the public offering of 700,000 shares of common stock, representing 20% of the company’s total stock.
The company said that qualified investors subscribed for all shares offered at a price of 40 riyals, which is the upper limit of the specified price range for the offer, and the coverage ratio of the offer reached 141%.
He adds that 100% of the required shares have been assigned by investment funds, and then the remaining shares have been assigned to other subscribers (individuals or entities) in proportional way in based on the proportion of what is requested by each subscriber with respect to the total shares available for their assignment.