Al-Kathiri Holding Co. obtained on Wednesday the approval of Saudi Arabia's Capital Market Authority (CMA) to offer 819,000 shares, or a 26.1 percent stake, in the Kingdom’s Nomu parallel market, the CMA said in a statement.

 

Shares will be only offered to qualified investors.

 

Prequalified investors are required to conduct their own due diligence and hire an authorized financial advisor, if needed, before making any investment decisions.

 

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

 

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