Listing and starting trading of shares of East Oil Chemical Industries in Nomu next Tuesday

The logo of the Orient Petroleum Chemical Industries Company

Tadawul Saudi Arabia announced that the shares of the Oriental Oil Company for Chemical Industries will be listed and begin trading in Nomu – the parallel market, starting Tuesday, June 25, 2024, with the trading symbol 9605 and the international symbol SA16301KM2H2.

It said in a statement today that the daily price fluctuation limits will be +/- 30%, with fixed price fluctuation limits of +/- 10% applied.

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The Securities Depository Center Company – Edaa, announced, in a separate statement, the addition of the securities subscribed to in the East Oil and Chemical Industries Company, today, Sunday, June 23, 2024, to the center’s accounts for eligible shareholders.

According to the data available in numbersThe company offered 5 million shares, which represents 20% of its capital of 25 million riyals, divided into 25 million shares (with a nominal value of one riyal per share).

The offering coverage reached 489.05%, and the price was set at 3.60 riyals per share.