Saudi Arabia’s Capital Markets Authority (CMA) approved Quality Education Company’s application to register and offer 2,500,000 shares, representing 20.00% of its share capital, in the Parallel Market. The offering will be limited to Qualified Investors as defined in the CMA’s glossary of defined terms. The prospectus is expected to be published sufficiently in advance of the offering start. The CMA noted that its approval is not a recommendation to invest and reflects that 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 2025-06-18
Saudi Arabia Capital Markets Authority approves Quality Education Company’s Parallel Market share offering for qualified investors
Saudi Arabia’s Capital Markets Authority approved Quality Education Company’s application to register and offer 2,500,000 shares, representing 20% of its share capital, in the Parallel Market, limited to Qualified Investors. The CMA emphasized that its approval is not an investment recommendation and confirms compliance with legal requirements. The approval is valid for six months from the resolution date.