Thob Al-Aseel, Roya Real Estate get CMA nod on parallel market listing

13/02/2017 Argaam

Saudi Arabia’s market regulator, the Capital Market Authority (CMA) has approved the request of Thob Al-Aseel Co. to offer 1 million shares, or 20 percent of share capital, on the Nomu parallel market.

 

The market regulator also approved the request of Roya Real Estate Investment Co. to offer 8.6 million shares, or 20 percent of share capital, on Nomu.

 

The offers will be confined to qualified investors.

 

The CMA’s approval on the offers will be valid for six months from the regulator’s board meeting date.

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