CMA nods to Adeer Real Estate 20% IPO on Nomu

24/12/2024 Argaam
Logo ofAdeer Real Estate Co.

Logo of Adeer Real Estate Co.

The Capital Market Authority (CMA) approved today, Dec. 24, Adeer Real Estate Co.'s application to list one million (or 20%) of its share capital on the Nomu-Parallel Market.

 

For More IPOs

 

The offer will be limited to qualified investors as defined in the glossary 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.

 

In 2014, Adeer Real Estate kicked off its operations in Eastern Province. It is active in the Saudi real estate marketing sector.

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