AYYAN says Twareat listing ‘positive’ for shareholders’ equity, financial position

Logo of AYYAN Investment Co.

AYYAN Investment Co. said the Capital Market Authority’s (CMA) approval of the direct listing registration of Twareat Medical Co. (TMC Health), a 25%-owned associate, on Nomu-Parallel Market shall reflect positively on the former’s shareholders' equity and financial position.

In a statement to Tadawul, AYYAN indicated that the move aligns with its efforts to promote and incentivize its associate companies to float their shares on the capital market whenever deemed possible.

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The CMA approved, on Dec. 9, Twareat’s application to register its shares for direct listing on Nomu, showed the data available to Argaam.