Osool & Bakheet gets CMA on 1.5 mln share sale on Nomu

22/06/2023 Argaam

Osool & Bakheet gets CMA on 1.5 mln share sale on Nomu

Logo of Osool & Bakheet Investment Co.

The Capital Market Authority (CMA) gave today, June 22, the green light for Osool & Bakheet Investment Co. to register and offer 1.5 million shares, or 18.52% its capital, on Nomu-Parallel Market, according to the CMA website.

 

The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

 

The prospectus will be published within sufficient time prior to the start of the offering.

 

The approval on the application will be valid for six months from the CMA resolution date. It will be deemed cancelled if the offering and listing are not completed within this period.

 

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