ADX announces listing of ‘NMDC Energy’ shares next Wednesday

Abu Dhabi Securities Exchange (ADX) has announced the listing of NMDC Energy - P.J.S.C. shares, with effect from Wednesday, 11th September, in the 'First Category'. The company's share price shall be floated for three trading sessions starting from the listing date so that the price is not subject to the permitted daily rise and fall limits (15 percent highest and 10 percent lowest) during these three sessions. Following the decision of the Market's Board of Directors, the reference price of the company's shares when it begins trading in the market is the final offering price for public subscription, which is AED2.8. Source: Emirates News Agency