Saudi Arabia Capital Markets Authority approved Rawabi Marketing International Company’s application to register and offer shares on the Parallel Market. The offering is restricted to Qualified Investors as defined in the Capital Markets Authority’s regulations. The approval covers 1,000,000 shares, representing 6.45% of the company’s share capital. A prospectus will be published sufficiently ahead of the start of the offering, and prospective Qualified Investors are expected to undertake their own due diligence and seek authorised advice if needed. The Capital Markets Authority noted that its approval is not an investment recommendation and reflects only that the legal requirements under the Capital Market Law and its implementing regulations have been met. The authorisation remains valid for six months from the Capital Markets Authority Board resolution date of 20 March 2025 and will be cancelled if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-03-23
Saudi Arabia Capital Markets Authority approves Rawabi Marketing International registration and 1,000,000-share offering on the Parallel Market
The Saudi Arabia Capital Markets Authority has approved Rawabi Marketing International Company's application to register and offer 1,000,000 shares, representing 6.45% of its share capital, on the Parallel Market. The offering is limited to Qualified Investors as per the Authority's regulations. The approval is valid for six months from 20 March 2025 and is not an investment recommendation.