Saudi Parts Center gets CMA nod for direct listing on Nomu

29/12/2021 Argaam

Logo of Saudi Parts Co.

The Capital Market Authority (CMA) approved today, Dec. 29, Saudi Parts Co.’s (SPC) application to register its shares for direct listing on Nomu Parallel Market.

 

Trading these shares will be limited to qualified investors, the market regulator said in a statement.

 

The registration document will be published within a sufficient time prior to listing.

 

The CMA's approval on the application should never be considered as a recommendation to invest in the offering or shares of the company.

 

The approval shall be valid for six months from the CMA board resolution date. It shall be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

 

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