Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) will commence listing and trading its shares on the Main Market of the Saudi Exchange (Tadawul) on Thursday, 24 November 2022.

Tadawul indicated that the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively, according to a recent bourse filing.

The fluctuation limits will be applied during the first three days of the listing.

Starting from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%, whereas the static price fluctuation limits will no longer apply.

Marafiq will list 73.09 million shares, accounting for 29.24% of its share capital, under the symbol 2083.

Last October, the company set the final price of its IPO at SAR 46 per share after the Capital Market Authority (CMA) had greenlighted its request to trade on Tadawul in September.