Marble Design gets CMA approval to IPO 10% stake on Nomu

The Capital Market Authority (CMA) approved an application from Marble Design Co. to float 600,000 shares, or 10% of its share capital, on Nomu-Parallel Market, according to a statement today, March 27.

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 CMA’s resolution date. It will be deemed canceled if the offering and listing of the company's shares are not completed within this period.