Al Majed Oud Co.(4165.SA) 's shares debuted on the Saudi Exchange (Tadawul) on October 7th, opening at SAR 103.4, and as of 12:20 am in Riyadh, the stock price rising to 122.20 per share, a 30% increase from the listing price of SAR 94.  The total trading volume reached 192,000 shares, valued at SAR 23.3 million, through over 4,100 transactions.

The company offered 7.5 million shares, or 30% of its capital, at the listing price of SAR 94 per share.     80% of the offered shares were allocated to participating parties, while the remaining 20% were allocated to retail investors.

The retail tranche was 821.3% subscribed, while the participating parties' tranche was 156.5x subscribed.

Each retail investor received a minimum of six shares, with the remaining shares allocated on a pro-rata basis.     The allotment ratio was 0.76% pro-rata.