Saudi Arabia's Capital Market Authority (CMA) has approved Sahat Almajd Company Trading’s application to register and offer 4,375,000 shares, representing 11.11% of its share capital, for trading on the Parallel Market, with participation restricted to qualified investors. The prospectus is due to be published sufficiently ahead of the offering. The CMA reiterated that its approval reflects compliance with the Capital Market Law and its implementing regulations and should not be treated as a recommendation to invest, and it urged prospective qualified investors to conduct their own due diligence and consult an authorised financial adviser if needed. The approval is valid for six months from the CMA Board resolution date and will be cancelled if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-06-18
Saudi Arabia's Capital Market Authority approves Sahat Almajd Company Trading offer of 4,375,000 shares on the Parallel Market
Saudi Arabia's Capital Market Authority (CMA) approved Sahat Almajd Company Trading's application to register and offer 4,375,000 shares, representing 11.11% of its share capital, on the Parallel Market, limited to qualified investors. The CMA emphasized that approval indicates compliance with regulations, not an investment recommendation, and advised investors to perform due diligence. The approval is valid for six months from the resolution date.