Al-Baha cancels subsidiary’s potential listing in Nomu

Logo of Al-Baha Investment and Development Co.

Al-Baha Investment and Development Co.’s board of directors decided on Sept. 3, to cancel the recommendation to offer shares of its subsidiary, Elegant Centers Ltd. Co., on Nomu-Parallel Market.

 

There are no costs related to the board’s decision, Al-Baha said in a statement to Tadawul.

 

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The company’s board of directors recommended in May 2022 to offer Elegant Centers’ share capital on Nomu, data compiled with Argaam showed.

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