CMA approves Naqawa Information Technology 20% IPO on Nomu

11/06/2024 Argaam
Logo ofNaqawa for Information Technology Co.

Logo of Naqawa for Information Technology Co.

The Capital Market Authority (CMA) approved today, June 5, Naqawa for Information Technology Co.’s application to register and offer 3 million shares, representing 20% of its share capital, on Nomu-Parallel Market.

 

The offering will be confined to qualified investors and the prospectus will be published within the stipulated period prior to the offering, the market regulator said in a statement.

 

For More IPOs

 

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

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