CMA approves Leen Alkhair’s offering of 959,000 shares on Nomu

28/09/2022 Argaam

Logo of the Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved today, Sept. 28, the application submitted by Leen Alkhair Trading Co. to register and offer 958,750 shares on Nomu-Parallel Market.

 

The offer shares represent 23.5% of the company’s total capital, the Saudi market regulator said in a statement.

 

Trading these shares will be limited to qualified investors. The relevant prospectus will be issued in sufficient time ahead of the offering date.

 

The approval of the application will be valid for six months from the CMA board’s resolution date. The approval will be deemed cancelled if the listing of the company's shares is not completed within this period.

The company imports, markets, packages and distributes fresh vegetables and fruits. It has 768 permanent clients and 450 refrigerator cars.

 

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