Saudi Top for Trading gets CMA approval to float 880,000 shares on Nomu

26/09/2022 Argaam
Logo ofSaudi Top for Trading Co.

Logo of Saudi Top for Trading Co.

Saudi Top for Trading Co. obtained the Capital Market Authority’s (CMA) approval to float 880,000 shares on Nomu-Parallel Market, according to the CMA website.

 

The offered percentage represents 22% of the company’s share capital reaching four million shares.

 

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

 

The prospectus will be published within sufficient time prior to the start of the offering.

 

The approval is effective six months from the CMAs’ resolution date. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

 

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