Logo of The Capital Market Authority (CMA)
Afaq Al Arabiya for Transportation & Storage Co. received on March 20 the greenlight from the Capital Market Authority (CMA) to register and offer 900,000 shares on the Nomu-Parallel Market.
The shares to be offered represent 10% of the company’s shares.
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They will be offered to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules. The prospectus will be published within sufficient time prior to the start of the offering.
The CMA confirmed that its approval is valid for six months and will be void if the share offering and listing are not completed within this period.