CMA OKs Gulf Applications sale of 6.3M shares on Nomu

26/06/2024 Argaam

CMA OKs Gulf Applications sale of 6.3M shares on Nomu

Logo of Gulf Applications Co.

The Capital Market Authority (CMA) approved today, June 26, Gulf Applications Co.’s request to list and float 6.25 million shares, representing 20% of its 31.25 million share capital, on Nomu-Parallel Market.

 

The offering will for qualified investors only and the prospectus will be published within sufficient time prior to the offering’s start, the market regulator said in a statement.
 
 
The market regulator's 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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