Logo of Hedab Alkhaleej Trading

The Capital Market Authority (CMA) approved Hedab Alkhaleej Trading Co.'s application to register and float 800,000 shares, or 10.67% of its capital, on the 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. 30.

 

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The CMA’s approval is valid for six months and will be cancelled if the offering and listing are not finalized within this period.

 

Established in 2003, the company operates in selling ceramics, porcelain and marble in Saudi Arabia. It has several branches in Jeddah, Riyadh, Qassim and Hail.

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