Saudi Arabia’s Capital Markets Authority (CMA) has approved Zahr Al Khuzama Aluminum Company’s application to register and offer shares on the Parallel Market. The approval covers the offering of 300,000 shares, representing 20% of the company’s share capital, with the offer restricted to Qualified Investors as defined in the CMA’s Regulations and Rules glossary. A prospectus will be published sufficiently in advance of the start of the offering, and the CMA noted that its approval is not a recommendation to invest but confirmation 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 Zahr Al Khuzama Aluminum share registration and 300000-share offering on the Parallel Market
Saudi Arabia’s Capital Markets Authority (CMA) has approved Zahr Al Khuzama Aluminum Company’s application to register and offer 300,000 shares on the Parallel Market, representing 20% of its share capital. The offer is restricted to Qualified Investors as per CMA regulations. The approval is valid for six months and is not an investment recommendation but confirms compliance with legal requirements.