Listing and starting trading of CGS shares on the main market… tomorrow

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Listing and starting trading of CGS shares on the main market… tomorrow

Tadawul Saudi Arabia announced the listing and start of trading of Gronenfelder Saadi UnionHolding "CGS" In the main stock market "Tassie" As of tomorrow, Tuesday.

It will be included "CGS" in "Tassie" With trading code 4147 and international code SA16DG520PH3.

Insert "CGS"

It was reported "Saudi Arabia Trading"That is the daily price fluctuation limits for a stock "CGS" It will be +/- 30%, with fixed price fluctuation limits applied at +/- 10%, during the first three days of listing, and starting from the fourth day of trading, the daily price fluctuation limits will be reset to -/+ 10%, and the fixed price fluctuation limits will be cancelled.

The Securities Depository Center Company was "Deposit" Adding the subscribed securities of the Groenfelder Saadi Holding Company has added "CGS"Yesterday, Sunday, to the center’s accounts for eligible shareholders.

Last July, the Capital Market Authority approved the request of the Groenfelder Saadi Holding Company to register its shares and offer (30,000,000) shares for public subscription, representing (30%) of the company’s total shares.

Share coverage "CGS"

The coverage percentage of individuals’ subscriptions in the initial public offering of Etihad Groenfelder Saadi Holding Company was "CGS" 70.9% of the total shares allocated to individuals, which amounted to 6 million shares, representing 20% of the offering shares.

Al Jazira Capital, in its capacity as the financial advisor, subscription manager, underwriter and manager of the joint institutional subscription register in the initial public offering of shares of the Gronenfelder Saadi Holding Company, indicated that as a result of the individuals’ subscription coverage rate, all shares subscribed by individuals have been allocated and no surplus will result from this.

On Thursday, November 27, the public subscription for shares of Union Groenfelder Saadi Holding Company ended. "CGS" In the Saudi market, a total of 6 million shares are allocated to individuals within the offering, which includes 30 million ordinary shares of the company’s shares and represents 30% of the company’s issued capital, through the sale of existing shares by the company’s current shareholders.

Share offering price "CGS"

On November 17, the company announced that the final offering price for the offering was set at 10 riyals per share, after completing the process of building the order book and covering the offering by the participating categories at a rate of 61.6 times the total shares offered. The value of the company upon listing will reach one billion riyals.