Saudi Lime gets CMA approval to float 2 mln shares on Nomu

Logo of Capital Market Authority’s (CMA)

Saudi Lime Industries Co. obtained the Capital Market Authority’s (CMA) approval to float two million shares on Nomu-Parallel Market, according to a statement today, Dec. 26.

This represents 9.09% of the company’s share capital.

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.

The approval is effective six months from the CMA’s resolution date. It will be deemed canceled if the offering and listing of the company's shares are not completed within this period.

Saudi Lime was established in 1977 as a closed joint-stock company based in Riyadh. The company's current capital is SAR 200 million.

Its main activities are represented in the manufacturing of chemical elements such as sand bricks, quicklime, hydrated lime and other derivatives.

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