CMA nods to Time Entertainment’s 20% Nomu IPO

Logo of The Capital Market Authority (CMA) 

The Capital Market Authority (CMA) approved today, Dec. 25, the application received from Time Entertainment Co. to float 200,000 shares on the Nomu-Parallel Market.

The offered shares represent 20% of the company’s share capital.

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The offer will be limited to qualified investors as defined in the list of terms used in the regulations and rules of the CMA. The prospectus will be published well in advance of the offering's start date, the regulator said in a statement today.

An investment decision without reading and fully reviewing the fund's terms and conditions (T&Cs) may be high-risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the company, its investment strategy, and risk factors.

If the T&Cs prove difficult to understand, it is recommended to refer to the offering’s financial advisor for more information.

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