CMA approves Alandalus Educational 30% stake offering on TASI

Alandalus Educational plans to offer about 24.9 million shares (30% of capital) for public subscription

The Capital Market Authority’s (CMA) board approved today, Nov. 27, Alandalus Educational Co.'s request to register and float about 24.9 million shares (30% of capital) on the Main Market (TASI).

According to the CMA, the prospectus will be published well ahead of the subscription period. It will include key information investors need before making an investment decision, including the company’s financial statements, operations, and management.

The authority cautioned that investing without reviewing and studying the prospectus may involve high risks. Investors are advised to examine the provided documents carefully and consult a licensed financial advisor if needed.

The CMA stressed that its approval does not constitute an endorsement of the investment’s attractiveness but rather confirms compliance with the Capital Market Law and its implementing regulations.

The approval is valid for six months from the date of the board’s decision and will lapse if the company’s offering and listing are not completed within that period.