CMA approves first direct listing of Saudi White Cement on Nomu

30/06/2020 Argaam

 

Saudi Arabia’s Capital Market Authority (CMA) approved on June 29, 2020, the first direct listing of Saudi White Cement Company on the Nomu Parallel Market.

 

Trading will be limited to qualified investors who will conduct their own due diligence on the information disclosed in the registration document, the market regulator said in a statement on Tuesday.

 

The registration document will be published within sufficient time before listing.

 

The CMA recommended consulting an authorized financial advisor before making any investment decision.

 

The market regulator's approval on the offering is valid for 6 months as of June 29 and will be cancelled if the listing of the company's shares is not completed within this period.

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