CMA OKs Arabian Romoz’s 950,000 share offering on Nomu

Logo of Arabian Romoz Co.

The Capital Market Authority’s (CMA) board of directors approved Arabian Romoz Co.’s planned initial public offering (IPO) of 950,000 shares (representing 11.95% of capital) on the Nomu-Parallel Market.

In a statement today, June 29, the CMA clarified that the offering will be limited to qualified investors, as defined in its regulations and rules, and that a prospectus will be published well in advance of the offering start date.

The approval is valid for six months from the board’s decision and will be deemed void if the company’s shares are not fully offered and listed within this period.

Established in 2018, Arabian Romoz is a Saudi real estate company headquartered in Riyadh.

Ratl Offices: An office project dedicated to startups and medium-sized companies, located in North Riyadh.

Rasafa Project: Located in the Qurtubah district of Riyadh, the project consists of 20 independent office buildings, with two levels of parking providing more than 250 parking spaces.

Norvilla Project: A residential villa project located in the Qurtubah district of Riyadh, consisting of 16 villas with a total area of 9,072 square meters.