CMA OKs WSM Information Technology 20% IPO on Nomu

25/09/2023 Argaam

CMA OKs WSM Information Technology 20% IPO on Nomu

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved on Sept. 25 registering and offering 390,000 shares, or 20% of WSM for Information Technology Co.’s capital on Nomu-Parallel Market, according to a CMA statement.

 

The IPO will be confined to qualified investors and the prospectus will be published within sufficient time prior to the start of the offering.

 

The CMA's approval shall be valid for six months. It shall be deemed cancelled if the offering and listing are not completed within this period.

 

WSM Information Technology is a Saudi closed joint-stock company that was established in 2014. It provides technological solutions and digital advisory in the Kingdom of Saudi Arabia.

 

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