CMA approves listing 30% stake of Tanmiah Food

08/06/2021 Argaam

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The Capital Market Authority (CMA) approved today, June 8, 2021, the listing of a 30% stake, or 6 million shares, of Tanmiah Food Co.

 

The company’s prospectus will be published within sufficient time ahead of the initial public offering (IPO), the market regulator said in a statement.

 

The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the company's financial statements, activities and management.

 

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

 

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