CMA approves Riyadh Steel 20% offering on Nomu

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

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved today, June 21, Riyadh Steel Co.'s request to register and offer one million 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 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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