Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- FARM Superstores begins trading on Tadawul  Join our daily free Newsletter

MENAFN - Arab News - 16/02/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) The Capital Market Authority announced Thursday that FARM Superstores's equity shares would begin trading on Saudi stock exchange (Tadawul) from Sunday (Feb. 16), under code 4006 in the retail sector. The CMA also announced that the daily price fluctuation on FARM's shares would be limited to 10 percent from the first trading day



Adeeb Abdulrahman Al-Sowailim, CEO of FALCOM Financial Services, expressed his delight at the successful completion of the IPO of FARM Superstores. He thanked the CMA for its support in reviewing and approving the IPO file in record time and complimented the CMA for playing an instrumental role in the development of the capital markets in the Kingdom. He also thanked the management of FARM Superstores for selecting FALCOM as its financial adviser for this historic event in the company's evolution, as also Tadawul and all other advisers on this transaction fo their support and cooperation




Al-Sowailim pointed out that the overwhelming response received from institutional and retail investors during FARM's subscription period evidenced the high level of confidence enjoyed by FARM Superstores. He added that the inclusion of FARM's shares on Saudi stock exchange presented the company with a lot of positives. He encouraged the company to continue working hard, and wished FARM Superstores success as it implements its growth and expansion strategy



Maher Al-Aswad, CEO of FARM Superstores, expressed his sincere thanks and appreciation to FALCOM Financial Services, and all the institutional and individual investors for their support in the success of the IPO of FARM Superstores. He acknowledged the trust bestowed on the company by investors during the subscription process, and assured them of continuing to work for the benefit of the shareholders
MENAFN1602201400480000ID1093771629

 


Arab News




  MENA News Headlines
 Jan 18 2017 - Kuwait- Defense Min. receives naval hardware from UAE firmKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ABU DHABI, Jan 18 (KUNA) -- The Ministry of Defense received on Wednesday a naval ship from UAE company "Abu Dhabi Ship Building" (ADSB), part of a purchase of ...

 Jan 18 2017 - Kuwait- Qatari Amir meets with humanitarian dignitariesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) DOHA, Jan 18 (KUNA) -- Qatari Amir Sheikh Tamim bin Hamad Al-Thani met with a number of humanitarian work dignitaries in Doha on Wednesday. He welcomed Chairman ...

 Jan 18 2017 - Kuwait- His Highness Premier receives former German ChancellorKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received former Chancellor of the Federal Republic of Germany ...

 Jan 18 2017 - Kuwait- His Highness Premier receives new water company's stockholdersKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received stockholders of a newly established water company, at ...

 Jan 18 2017 - Kuwait- KUNA main news for Wednesday, January 18, 2017Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Local: KUWAIT -- Deputy Prime Minister and Minister of Interior Sheikh Khaled Al-Jarrah Al-Sabah meets Secretary General of the Arab Interior Ministers ...

 Jan 18 2017 - Kuwait- Cabinet Min. wowed by student projectsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah on Wednesday commended students of Kuwait University's ...

 Jan 18 2017 - Kuwait- Interior Minister meets Arab Interior Ministers' Council chiefKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- Deputy Prime Minister and Interior Minister Sheikh Khaled Al-Jarrah Al-Sabah tackled on Wednesday with Secretary General of the Arab ...

 Jan 18 2017 - Celebrating 50 years of Mercedes-AMG successMENAFN Press
(MENAFN Press) Mercedes-AMG expanded significantly in 2016 as a whole and, with growth of 44.1%, again significantly exceeded the best previous-year figures. With 99,235 vehicles delivered, the ...

 Jan 18 2017 - Ministry of Health Opens Connected Solar Clinic Donated by Siemens StiftungMENAFN Press
(MENAFN Press) Deputizing for Minister of Health H.E. Dr. Mahmoud Al-Sheyyab, Director of the Planning Department at the Ministry of Health Dr. Basheer Al Qaseer officially inaugurated the Connected ...

 Jan 18 2017 - Bee’ah and GII to build largest electronic recycling facility in the UAEMENAFN Press
(MENAFN Press) Bee’ah, the Middle East's leading and award-winning environmental management company, Sharjah Investment and Development Authority (Shurooq), Gulf Islamic Investments (GII) and Attero ...

more...


 





Google

Easy Forex
 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help