CMA nods for Al Khozama 10.7% IPO on Nomu

11/12/2024 Argaam
Logo ofThe Capital Market Authority (CMA)

Logo of The Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved today, Dec. 11, Al Khozama Co.'s application to list 422,200 of its shares on the Nomu-Parallel Market.

 

The shares to be offered represent 10.71% of the company’s total shares.

 

For More IPOs

 

The offer will be limited to qualified investors as defined in the list of terms used in the regulations and rules of the CMA. The prospectus will be published well in advance of the offering's start date.

 

The CMA's approval is valid for six months from the date of the resolution. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

 

Founded 15 years ago, Al Khozama manages restaurants including Lavash, Beit Omar, Off-White, OVVI, Armin, Karazah, and Mysore.

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