CMA OKs View Real Estate 18.2% IPO on Nomu

28/09/2023 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved, on Sept. 27, View Limited Real Estate Development Co.’s request to register and offer 600,000 shares, or 18.18% of its share capital on, Nomu-Parallel Market, according to a statement.

 

The initial public offering (IPO) will be confined to qualified investors and the prospectus will be published within sufficient time prior to the start of the offering.

 

The CMA's approval is valid for six months. It shall be deemed cancelled if the offering and listing are not completed within this period.

 

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