Zahr Al Khuzama gets CMA nod for 20% stake sale on Nomu

18/06/2025 Argaam
Logo ofZahr Al Khuzama Aluminum Co.

Logo of Zahr Al Khuzama Aluminum Co.

The Capital Market Authority (CMA) approved today, June 18, the application submitted by  Zahr Al Khuzama Aluminum Co. to register and offer about 300,000 shares, on the Nomu-Parallel Market.


The stake represents 20% of the company’s total share capital, the market regulator said in a statement.

 

For More IPOs


The offer will be only for qualified investors as defined in the list of terms used in the regulations and rules of the CMA. The prospectus will be published well in advance of the offering's start date.


The CMA's approval is valid for six months from the date of the resolution. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

 

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