The Saudi Arabia Capital Markets Authority (CMA) Board approved Alwazn Almithali for Trading Company’s application to register and offer shares in the Parallel Market. The approval covers the offering of 451,500 shares, representing 15% of the company’s share capital, with the offer limited to Qualified Investors as defined in the CMA’s Glossary of Defined Terms. The prospectus is to be published sufficiently in advance of the start of the offering. The CMA noted that its approval is not a recommendation to invest and indicates only that the legal requirements under the Capital Market Law and its Implementing Regulations have been met. The approval remains valid for six months from the CMA Board resolution date and will be deemed cancelled if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-06-23
Saudi Arabia Capital Markets Authority approves Alwazn Almithali for Trading Company to register and offer 451,500 shares in the Parallel Market
The Saudi Arabia Capital Markets Authority approved Alwazn Almithali for Trading Company's application to register and offer 451,500 shares in the Parallel Market, representing 15% of its share capital. The offer is limited to Qualified Investors as per the CMA's Glossary of Defined Terms. The approval is valid for six months and is not an investment recommendation.