CMA approves Alqemam for Computer Systems, Balady Poultry listing on Nomu

Nomu trading screen

The Capital Market Authority (CMA) approved the requests of Alqemam for Computer Systems Co. and Balady Poultry Co. to register their shares for direct listing on Nomu-Parallel Market, according to Tadawul website.

The subscriptions will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules. The registration document will be published within sufficient time prior to listing.

Qualified investors should conduct their own due diligence on the information disclosed in the registration document. If the registration document proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision.

The CMA’s approvals on the application should never be considered as a recommendation to invest in the shares of the company.

The approvals on the application merely mean that the legal requirements as per the Capital Market Law and its Executive Regulations have been met.

Further, the approvals are valid for six months from the CMA's resolution date. They will be deemed cancelled if the listing of the company's shares is not completed within this period.

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