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National Steel rises 9.89% in debut
Nationwide Steel Company announced the listing of its shares on the Saudi Main Market after transferring from the Parallel Market "Nomou." Trading began today, Tuesday. The stock rose by 9.89%, reaching 2 Riyals, the highest historical level for the stock since trading began, with the price stabilizing at the daily maximum fluctuation limit of 10%. This transition comes after "Tadawul Saudi" approved it on October 1, 2026, with a capital of 181.65 million Riyals. The company's shares were previously listed on "Nomou" at a price of 37 Riyals per share in February 2021. Expectations are for the stock to continue rising, surpassing new record levels in the stock market.
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