CMA approves IPO of Alkhorayef Water and Power Technologies

31/12/2020 Argaam

Alkhorayef Water and Power Technologies logo

The Capital Market Authority (CMA) approved today, Dec. 31, 2020, the listing of a 30% stake, or 7.5 million shares of Alkhorayef Water and Power Technologies Co.

 

The company will publish the prospectus within sufficient time ahead of the IPO, the market regulator said in a statement.

 

The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the company’s financial statements, activities and management.

 

The offering’s approval is valid for six months as of today and will be cancelled if the offering and listing of the shares are not completed within this period.

 

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