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16/02/2014 13:51 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 |
|---|
| Ticker | Price | Change |
|---|---|---|
| NAHDI | 100.30 | 4.00 (4.15 |
| A.OTHAIMMARKET | 6.61 | -0.03 (-0.46 |
| BINDAWOOD | 4.80 | 0.07 (1.47 |
| ALDAWAA | 54.90 | 0.50 (0.91 |
| ALMUNAJEM | 55.35 | 0.45 (0.81 |
05/12/2025
The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.
Th
Asharq Al Awsat
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Bahrain Marina Development Company (BMDC), the master developer of the Bahrain Marina project on the eastern waterfront of Manama, has announced the signing of a strategic partnership agreement with
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05/12/2025
Investcorp Capital (ICAP), a company listed on the Abu Dhabi Securities Exchange, today (December 4)announced that it has successfully acquired a diversified portfolio of industrial assets for $400 m
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05/12/2025
In recognition of its sustained commitment to promoting inclusivity and fostering a workplace environment that embraces all segments of society, Gulf Bank received a special invitation from the Briti
Kuwait Times
05/12/2025
Leading Saudi flour production company Fourth Milling Company (MC4) has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 m
Trade Arabia
Financial Information Co.
Saudi Arabia