CMA approves Qudra’s 5M-share IPO on Nomu

17/03/2025 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved the application of Qudra Communications & Information Technology Co. to register and float five million shares on the Nomu-Parallel Market in a public offering.

 

The offer shares represent 18.18% of the company’s capital.

 

For More IPOs

 

The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules. The prospectus will be published within sufficient time prior to the start of the offering.

 

The CMA confirmed that its approval is valid for six months and will be void if Qudra’s share offering and listing are not completed within this period.

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