Saudi Arabia’s market regulator, the Capital Market Authority (CMA), approved on Wednesday the listing of a 30% stake, or 7.5 million shares of Sumou Real Estate Co. on the Nomu Parallel Market.
The initial public offering (IPO) will be confined to qualified investors, who will conduct their own due diligence and hire an authorized financial advisor if necessary, the market regulator said in a statement on Wednesday.
The approval on the offering is valid for six months as of today, and will be cancelled if the offering and listing of the company's shares are not completed within this period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}