CGS to Begin Trading on Saudi Exchange Next Tuesday
etihad Grünenfelder Saadi Holding Company (CGS) will commence trading on the Tadawul (saudi Stock Exchange - TASI) next Tuesday, marking a significant expansion of the exchange and offering investors a new possibility in the Saudi market. The securities depository Center Company (Edaa) confirmed today, Sunday, December 7, 2025, the deposit of shares subscribed to by eligible shareholders.
This initial public offering (IPO) represents a 30% stake in CGS, with 30 million shares offered – equivalent to 30% of the company’s 100 million riyal capital, divided into 100 million shares with a nominal value of one riyal each. The listing follows a accomplished individual subscription period that concluded on November 27, achieving 70.9% coverage of the 6 million shares allocated to individual investors at a price of 10 riyals per share.All shares subscribed to by individuals were fully allocated, with no surplus remaining.
To manage initial market volatility, the Saudi Tadawul has implemented specific price fluctuation limits. For the first three days of trading, daily price fluctuations will be capped at +/- 30%, with fixed price fluctuation limits at +/- 10%. Starting on the fourth day of trading, these limits will be reset to +/- 10%, and the fixed price fluctuation limits will be removed.
