Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that the listing and trading of Elm Company’s shares will begin on the Main Market on Wednesday, 16 February.

Tadawul noted that the daily and static price fluctuation limits will stand at +/- 30% and +/- 10%, respectively, according to a recent disclosure.

The fluctuation limits will be applied during the first three days of Elm’s listing, until 18 February. Starting 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.

Elm will be trading on Tadawul under the symbol 7203.

On 30 January, Elm announced that the final price for its initial public offering (IPO) was set at SAR 128 per share.