Saudi developer Retal Urban leads gains on market debut

  • 6/27/2022
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RIYADH: Shares in Retal Urban Development Co. rose 5 percent to lead the gainers in early trading this morning, after its debut on Saudi Arabia’s main market TASI on Monday. Shares reached SR126 ($33.6), against an initial public offering price of SR120, as of 10:08 a.m. Saudi time. Later in the day, the stock price slightly retreated to SR123.8 at noon. At the closing bell, shares of the developer settled at SR121, 0.83 percent gain.

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