Intelligent Oud gets CMA approval to offer 20% stake on Nomu

21/06/2023 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) gave today, June 21, the green light for Intelligent Oud Co. (IOud) to register and offer 325,000 shares, or 20% its capital, on Nomu-Parallel Market, according to the 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 CMA.

 

The prospectus will be published within sufficient time prior to the start of the offering.

 

The approval on the application will be valid for six months from the CMA resolution date. It will be deemed cancelled if the offering and listing are not completed within this period.

 

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