Ghida Al-Sultan plans 20% stake sale on Nomu

19/02/2023 Argaam

Ghida Al-Sultan Co. plans to offer a 20% stake, or 460,000 shares, on Nomu-Parallel Market, Alinma Investment Co., the financial advisor and lead manager on the potential offering, said in a statement to the Saudi Exchange (Tadawul). 

 

Tadawul approved the company’s application for the listing of 20% of its capital on Nomu on May 30, 2022.

 

The Capital Market Authority (CMA) approved, on Dec. 5, 2022, the application received from the company on the proposed offering.

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