CMA OKs Tharwah HR's 15% IPO on Nomu

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The Capital Market Authority (CMA) approved today, June 3, the request by Tharwah HR Co. to register and offer 705,740 shares, representing 15% of its capital, on the Nomu-Parallel Market.

The offering will be confined to qualified investors and the prospectus will be published within sufficient time prior to the start of the offer, the regulator said in a statement.

Prospective qualified investors should conduct due diligence on the information disclosed in the prospectus, the CMA noted.

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The approval is valid for six months. It shall be deemed cancelled if the offering and listing are not completed within this period.