January 29.. Listing of Al-Shehili shares in the Saudi parallel market

The Saudi Stock Exchange “Tadawul” announced the listing of Al-Shahili Metallurgical Industries Company’s shares and the start of their trading on the parallel market “Nomu”, as of Wednesday, January 29, 2025.

A statement issued by Tadawul on Monday stated that the company’s shares will be listed under the symbol 9624, while the international code SA168H84MC16 will be used.

The statement added that the permissible limits for price fluctuations during the first three days of trading will be ±30%, provided that fixed limits for price fluctuations will be applied at ±10% starting from the fourth day of trading.

For its part, Forsa Financial Company, which is acting as a financial advisor for the initial offering of Al Shahili Metal Industries Company’s shares on the “Nomu” market, announced the successful completion of the offering process. Where 500 thousand shares were offered, representing 20% ​​of the company’s capital after the offering (equivalent to 25% of the capital before the offering).

The final price of the offering was set at 80 riyals per share, with a coverage ratio of 231.76% of the total shares offered, and the offering period lasted from Sunday, January 5, 2025 until Monday, January 13, 2025.

Forsa Financial Company confirmed that, in its capacity as financial advisor, it will complete the necessary procedures with the Saudi Tadawul Group, and then determine the date for listing the shares of Al Shahili Metal Industries Company in the parallel market “Nomu”.