Logo of Capital Market Authority (CMA)
One for Investments Co. obtained the approval of the Capital Market Authority (CMA) to list 300,000 shares, or 10% of capital, on Nomu-Parallel Market, according to the authority's website.
Trading these shares will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules.
The registration document will be published within sufficient time prior to listing, the market regulator said.
It added that the qualified investors should conduct their own due diligence on the information disclosed in the registration document.
If the registration document proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision.
The CMA's approval on the application should never be considered as a recommendation to invest in the shares of the company. It merely means that the legal requirements as per the Capital Market Law and its Executive Regulations have been met.
The approval is valid for six months from the CMA resolution date. It will be deemed cancelled if the listing is not completed within this period.
Comments
{{DisplayName}}
{{ElapsedTime}}