Today, ACWA Power shares started trading in the Saudi market at a price of 56 riyals per share, with daily price fluctuation limits of 30%, down and up, during the first three days of listing.
Starting from the fourth trading day, the daily price fluctuation limits will be reset to 10%, up and down.
The total proceeds from the offering are estimated at 4.55 billion riyals, and the total shares offered are 81.2 million shares, representing 11.1% of ACWA Power’s capital.
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The article, the start of trading on ACWA Power shares in the Saudi market in today’s session, was written in Al Borsa newspaper.