CMA approves Al Hasoob Trading request to offer 20% stake on Nomu

20/09/2021 Argaam

Logo of the Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved a request by Al Hasoob Trading Co. to list 280,000 shares, or 20% of its share capital, on Nomu Parallel Market.

 

The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus, the market regulator said in a statement today, Sept. 20.

 

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.

 

Al Hasoob Trading is a closed joint stock company. Last July, it hired Darfin Capital as financial advisor for its share sale on Nomu. 

 

Established in 2008, the company operates in computer retail and wholesale trading and maintenance. It also supplies computers to many companies.

 

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