CMA green lights Balsm Alofoq’s 20% Nomu IPO

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The Capital Market Authority (CMA) approved the application submitted by Balsm Alofoq Medical Co. to register and offer 20% of its 1.25 million 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 today, Sept. 12.

 

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.

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