CMA approves 11.1M-share IPO of MSGA Investment on Nomu

Logo of The Capital Market Authority (CMA) 

The Capital Market Authority (CMA) said its board approved MSGA Investment Co.’s application to register its shares and offer 11.11 million shares on the Nomu – Parallel Market.

The shares to be offered represent 10% of the company’s total share capital, which amounts to 111.1 million shares.

The offering will be limited to qualified investors, as defined under the CMA’s regulations and rules. The prospectus will be published well in advance of the offering date.

The CMA noted that its approval will remain valid for six months from the date of the board’s decision, and will be considered null and void if the offering and listing are not completed within this period.