CMA nods to Rawasi Albina’s public offering of SAR 500M debt instruments program

Logo of Rawasi Albina Investment Co.

The Capital Market Authority (CMA) approved today, Jan. 7, the request filed by Rawasi Albina Investment Co. for the registration and public offering of debt instruments under a program of no more than SAR 500 million.

The offering prospectus will be published within sufficient time prior to the start of the subscription period, the market regulator said in a statement.

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The prospectus shall cover all relevant information investors need to know before making an informed decision, including the financial statements of the issuer and adequate data about its activities and management, in addition to the details of the aforementioned issuance program, according to CMA.

A subscription decision without reading the prospectus carefully and fully reviewing its content may involve high risks. Therefore, investors should carefully read all the detailed information about the issuer, offering and risk factors. Accordingly, potential investors can evaluate the viability of investing in the offering, factoring in the associated risks.

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 should not be considered as a recommendation to subscribe in the public offering or the debt instruments program. It merely means that the legal requirements as per the Capital Market Law and its executive regulations have been met.

The market regulator also said its no-objection is valid for six months. It will be deemed cancelled if the offering and listing of the issuer’s first intended tranche of the debt instruments under the program is not completed within this period.