Riyadh – Mubasher: Naas Petrol Factory Company is set to commence the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Wednesday, 28 August 2024.
The Saudi firm will float its shares under the symbol 9609, according to a bourse disclosure.
Tadawul highlighted that the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively.
In the 12-month period that ended on 31 December 2023, Naas Petrol recorded net profits valued at SAR 7.84 million, an annual rise from SAR 7.47 million.
Net sales declined to SAR 69.91 million in 2023 from SAR 79.84 million as of 31 December 2022.
