CMA nods for Axelerated Solutions’ Nomu IPO of 3M shares

16/12/2024 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved today, Dec. 16, the application received from Axelerated Solutions for Information and Communication Technology Co. to float three million shares on the Nomu-Parallel Market.

 

The offered shares represent 10.71% of the company’s share capital.

 

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 its resolution date. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

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