Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) will start the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) on Wednesday, 5 June 2024.
Tadawul pointed out that the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively, according to a bourse disclosure.
The fluctuation limits will be applied during the first three days of the listing, until 7 June.
From the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%, while the static price fluctuation limits will no longer apply.
Fakeeh Care will float 49.80 million shares under symbol 4017 after obtaining the approval of the Capital Market Authority (CMA) last March.
