Saudi Home Loans shares surge 30% an hour after its debut on TASI

RIYADH: Shares in Saudi Home Loans, a Shariah-compliant real estate financing firm, soared 30 percent on its first day of trading on the Kingdom’s stock market. The stock made its debut at SR22 ($5.87) and almost an hour later it jumped to SR26, against the initial public offering price of SR20 per share. The Riyadh-based company now holds a market capitalization of SR2.6

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