The Saudi stock exchange has announced the listing of Natural Gas Distribution Co in NOMU, a parallel market with lighter listing rules.

A statement to Tadawul said it was a direct listing with daily price fluctuation limits of +/- 30 percent and static price fluctuation limits of  +/- 10 percent.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

(imogen.lillywhite@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here. 

© ZAWYA 2021