Nice One gets CMA nod to IPO 34.7M shares on TASI

Logo of Nice One Beauty Digital Marketing Co.

Nice One Beauty Digital Marketing Co. obtained the approval of the Capital Market Authority (CMA) to float 34.65 million shares in an initial public offering (IPO) on the Main Market (TASI).

 

For More IPOs

 

The offering represents 30% of its 115.5 million share capital, the market regulator said in a statement today, Sept. 25.

 

The prospectus will be published ahead of the subscription start date.

 

The CMA’s approval will be valid for six months from the decision date. It is deemed cancelled if the offering and listing are not completed within this period.

 

The company is focused on online cosmetics retailing, catering to clients in Saudi Arabia and the GCC.

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