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16/02/2014 09:04 AST
The Capital Market Authority announced Thursday that FARM Superstores's equity shares would begin trading on Saudi stock exchange (Tadawul) from Sunday (Feb. 16), under code 4006 in the retail sector. The CMA also announced that the daily price fluctuation on FARM's shares would be limited to 10 percent from the first trading day.
Adeeb Abdulrahman Al-Sowailim, CEO of FALCOM Financial Services, expressed his delight at the successful completion of the IPO of FARM Superstores. He thanked the CMA for its support in reviewing and approving the IPO file in record time and complimented the CMA for playing an instrumental role in the development of the capital markets in the Kingdom. He also thanked the management of FARM Superstores for selecting FALCOM as its financial adviser for this historic event in the company's evolution, as also Tadawul and all other advisers on
this transaction for their support and cooperation.
Al-Sowailim pointed out that the overwhelming response received from institutional and retail investors during FARM's subscription period evidenced the high level of confidence enjoyed by FARM Superstores. He added that the inclusion of FARM's shares on Saudi stock exchange presented the company with a lot of positives. He encouraged the company to continue working hard, and wished FARM Superstores success as it implements its growth and expansion strategy.
Maher Al-Aswad, CEO of FARM Superstores, expressed his sincere thanks and appreciation to FALCOM Financial Services, and all the institutional and individual investors for their support in the success of the IPO of FARM Superstores. He acknowledged the trust bestowed on the company by investors during the subscription process, and assured them of continuing to work for the benefit of the shareholders.
Arab News
27/02/2014
Saudi stocks oscillated in a narrow trading range of 27 points Wednesday, almost a repeat of previous day's flat performance which turned slightly negative and the day ended in red. The Tadawul All-
Arab News
16/02/2014
The Capital Market Authority announced Thursday that FARM Superstores's equity shares would begin trading on Saudi stock exchange (Tadawul) from Sunday (Feb. 16), under code 4006 in the retail sector
Arab News
24/12/2013
The CMA Board has issued its resolution approving Saudi Marketing Company's initial public offering of (7,500,000) shares representing (30%) of the Company's share capital. A portion of the offered s
Tadawul
| Ticker | Price | Volume |
|---|---|---|
| MAADANIYAH | 18.00 | 151,342 |
| FIPCO | 45.05 | 42,576 |
| NEFTALSHARQ | 4.20 | 52,662 |
| TRAFCO | 0.29 | 0 |
| ASG | 0.00 | 0 |
| SAUDIKAYAN | 6.74 | 2,338,843 |
| AQASEEM | 50.50 | 1,483 |
| Ticker | Price | Change |
|---|---|---|
| NAHDI | 119.00 | 0.00 (0.00 |
| A.OTHAIMMARKET | 10.72 | 0.00 (0.00 |
| BINDAWOOD | 6.61 | -0.03 (-0.46 |
| ALDAWAA | 79.60 | -0.60 (-0.75 |
| ALMUNAJEM | 101.20 | 2.50 (2.53 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
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