CMA approves registration of Naseej Communication for direct listing on Nomu

Logo of Naseej for Communication and Information Technology Co.

Saudi Arabia’s Capital Market Authority (CMA) approved, today, March 28, the application of Naseej for Communication and Information Technology Co. to register its shares for direct listing on Nomu-Parallel Market.

Trading these shares will be limited to qualified investors, the market regulator said in a statement, the market regulator said in a statement.

Prospective qualified investors should conduct their own due diligence on the information disclosed in the registration document.

The approval on the application will be valid for six months from the CMA Board resolution date, according to a statement.

For More IPOs