CMA approves Shebal Trading’s IPO on Nomu

23/10/2017 Argaam

 

Saudi Arabia’s market regulator, the Capital Market Authority (CMA), has approved the listing of a 20 percent stake, or 700,000 shares of Shebal Trading Co. on the Nomu parallel market.

 

The initial public offering (IPO) will be confined to qualified investors, who will conduct their own due diligence and hire an authorized financial advisor if necessary, the market regulator said in a statement on Monday.

 

The approval on the offering is valid for six months from today, and will be cancelled if the offering and listing of the company's shares are not completed within this period. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.