Logo of Capital Market Authority (CMA)
The Capital Market Authority (CMA), on March 29, gave the go-ahead for Abdul Aziz Al-Tuwaijri Trading Co. to register and offer 600,000 shares, or 13.04% of its share capital, on Nomu-Parallel Market, according to CMA website.
The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.
The prospectus will be published within sufficient time prior to the start of the offering.
The approval will be valid for six months from the CMA resolution date. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.
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