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.
