CMA green lights Raoom 20% stake sale on Nomu

Raoum Commercial headquarters

The Capital Market Authority (CMA) approved an application by Raoom Trading Company to sell 1 million shares, or 20% of its share capital, in an initial public offering (IPO) on the Parallel Market (Nomu).

The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus, the market regulator said in a statement today, Dec. 22.

The approval on the offering is valid for six months as of today, and will be cancelled if the offering and listing of the company's shares are not completed within this period.

Raoom was established in 1988 as an industrial and trading company. Raoom is headquartered in Qassim – Buraydah. It also opened other branches in Unaizah, Salmia, Riyadh, Jeddah and

The company is a major importer and distributor of glass, polycarbonate and acrylic inside and outside the Kingdom.

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