Al-Fakhera gets CMA nod to sell 6M shares on Nomu

12/06/2024 Argaam
Logo ofAl-Fakhera Men's Tailoring

Logo of Al-Fakhera Men's Tailoring

Al-Fakhera Men's Tailoring Co. obtained today, June 12, the Capital Market Authority’s (CMA) approval to register and offer six million shares, representing 16.67% of its share capital, on Nomu-Parallel Market.

 

The offering will be confined to qualified investors and the prospectus will be published within the stipulated period prior to the offering, the market regulator said in a statement.

 

For More IPOs

 

The approval is valid for six months. It shall be deemed cancelled if the offering and listing are not finalized within this period.

 

Established in 1984, Al-Fakhera runs several branches across the Kingdom. It tailors and sells men’s and children's clothes, shoes, and accessories.

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