Al-Modawat Medical gets CMA nod to offer 20% stake on Nomu

28/09/2023 Argaam
Logo of Capital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) gave today, Sept. 28, the green light for Al-Modawat Specialized Medical Co. to register and offer 475,000 shares, or 20% its capital, on Nomu-Parallel Market, according to the CMA website.

 

The IPO will be confined to qualified investors and the prospectus will be published within sufficient time prior to the start of the offering.

 

The CMA's approval shall be valid for six months. It shall be deemed cancelled if the offering and listing are not completed within this period.

 

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