CMA nods to Ratio Speciality’s 25% Nomu IPO

Logo of Ratio Speciality Company C.J.S.

The Capital Market Authority (CMA) approved today, Dec. 24, the application received from Ratio Speciality Company C.J.S.C to float five million shares on the Nomu-Parallel Market.

The offered shares represent 25% of the company’s share capital.

For More IPOs

The offer will be limited to qualified investors as defined in the list of terms used in the regulations and rules of the CMA. The prospectus will be published well in advance of the offering's start date.

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

Established in 2019, the company is accredited by the Saudi Commission for Health Specialties and is active in developing and providing the latest educational and training programs, according to its website.

Ratio Speciality began in 2014 with Mini Sandwich, a fast-food restaurant in Al-Ahsa.

It expanded in 2018 with Ratio Café, offering diverse coffee options, and in 2021 launched Morning Restaurant, specializing in breakfast and desserts.