CMA approves Group Five Pipe’s request to offer 10% stake on Nomu

29/09/2021 Argaam

Logo of Group Five Pipe Saudi Ltd.

The Capital Market Authority (CMA) approved a request by Group Five Pipe Saudi Ltd. to offer 2.8 million shares, or 10% of its share capital, on Nomu Parallel Market.

 

The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus, the market regulator said in a statement today, Sept. 29.

 

The approval on the offering is valid for six months as of today, Sept. 29, and will be cancelled if the offering and listing of the company's shares are not completed within this period.

 

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