Arabica Star to offer 275,000 shares on Nomu

04/09/2024 Argaam
Nomutrading screen

Nomu trading screen 

Arabica Star Co. received a nod from the Capital Market Authority (CMA) to register and float 275,000 shares, or 20% of its capital, on the Nomu-Parallel Market.

 

The offering will be only for 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.

 

According to the company's website, Arabica Star is active in organizing and hosting exhibitions, conferences, and events.

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