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Business, Markets

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Natural Gas Distribution all set to list and trade on Nomu

The registration document for direct listing of 3 million shares was released on Jan. 23, setting the price guidance per share at SR49 ($13).
By TRENDS Desk
September 21, 2021 8:30 pm
  • Daily price fluctuation limits will be +/- 30 percent and static price fluctuation limits will be  +/- 10 percent
  • The trading of shares will begin on September 22

The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct listing, according to a bourse filing.

Daily price fluctuation limits will be +/- 30 percent and static price fluctuation limits will be  +/- 10 percent, Tadawul said.

The natural gas producer set the benchmark price for its initial public offering in the parallel market at SAR 13, Argaam earlier reported.

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