Riyadh – Mubasher: ADES Holding Company will begin the listing and trading of its shares on the Main Market of the Saudi Exchange (Tadawul) on Wednesday, 11 October.

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 filing.

The fluctuation limits will be applied during the first three days of the listing, until 13 October.

As 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.

Under the symbol 2382, ADES Holding will float 338.71 million shares, representing 30% of its issued share capital.

Last June, the Capital Market Authority (CMA) passed the initial public offerings(IPO) of ADES Holding.