Umm Al-Qura Cement Company debuts at Tadawul market
The Saudi Arabian Tadawul All-Share Index fell by 0.46 per cent to 9,826.67 points on Thursday, June 12. Umm Al-Qura Cement Company witnessed its first trading day after its successful IPO. Umm Al-Qura Umm floated 27,500,000 shares which represented 50 per cent of the company’s capital. The offer price was SAR10 per share.
Launched with the symbol 3005, the shares closed at SAR11, a 10 per cent increase compared to the opening price at the Tadawul market.