CMA approves Rawasi Albina registration for direct listing on Nomu

15/06/2022 Argaam
Tadawul trading screen

Tadawul trading screen 

Saudi Arabia’s Capital Market Authority (CMA) approved today, June 15, the application of Rawasi Albina Investment 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.

 

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

 

Application approval will be valid for six months from the CMA’s board resolution date. The approval will be deemed cancelled if the target listing is not completed within this period, according to the statement.

 

  For more IPOs

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