Riyadh – Mubasher: Listing and trading the shares of Al Saif Stores for Development and Investment Company (Alsaif Gallery) on the Main Market of the Saudi Exchange (Tadawul) will commence on Tuesday, 27 December 2022.

Tadawul indicated 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 29 December. 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.

Under the symbol 4192, Alsaif Gallery will list 10.50 million shares, accounting for 30% of its share capital.

Earlier this month, the company set the final price for its initial public offering (IPO) at SAR 115 per share after the Capital Market Authority (CMA) had greenlighted the IPO in September.