CMA green lights 20% stake sales of Omran Najd, Meyar, Ghida Al Sultan on Nomu

Nomu trading screen

The Capital Market Authority (CMA) approved today, Dec. 5, the application received from Omran Najd Industries Co. for the registration and offering of one million shares, or 20% of its share capital, on Nomu-Parallel Market.

It also gave the greenlight for Meyar Co. to float 265,400 shares, or 20% of its share capital, on Nomu.

Furthermore, the market regulator nodded to the application received from Ghida Al Sultan for Fast Food Co. to list and offer 640,000 shares, or 20% of capital, on Nomu.

The offering will be confined to qualified investors stipulated in the Glossary of Defined Terms used in the Regulations and Rules of the CMA.

The prospectus will be published within sufficient time prior to the start of the offering.

Prospective qualified investors should conduct their own due diligence on the information disclosed in the prospectus.

If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision.

The CMA's approval on the application should never be considered as a recommendation to invest in the offering or shares of the companies. It merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

Further, the approval will be valid for six months from the CMA's resolution date. It will be deemed cancelled if the offering and listing of the companies’ shares are not completed within this period.

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