Hawyia Auctions gets CMA nod to float 2.4M shares on Nomu

Logo of Hawyia Auctions Co.

The Capital Market Authority (CMA) approved today, March 17, Hawyia Auctions Co.’s application to float 2.4 million shares (20% of capital) on the Nomu-Parallel Market.

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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.