The Saudi Capital Market Authority announced Thursday, 13 February, that FARM Superstores's equity shares would begin trading on the Tadawul from Sunday, 16 February, 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 per cent 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. He complimented the CMA for playing an instrumental role in the development of the capital markets in the Kingdom. He thanked the management of FARM Superstores for selecting FALCOM as its financial advisor for this historic event in the company's evolution. He also thanked Tadawul and all other advisors on this transaction for their support and cooperation.