Saudi Arabia's Capital Markets Authority (CMA) has approved Hawyia Auctions Company’s application to register and offer 2,400,000 shares, representing 12% of its share capital, in the Parallel Market. The offer will be restricted to Qualified Investors as defined in the CMA’s Glossary of Defined Terms. A prospectus is to be published sufficiently in advance of the offering, and the CMA highlighted that its approval is not a recommendation to invest but confirmation 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 2025-03-17
Saudi Arabia Capital Markets Authority approves Hawyia Auctions Company to offer 2.4 million shares in the Parallel Market to qualified investors
Saudi Arabia's Capital Markets Authority (CMA) has approved Hawyia Auctions Company's application to register and offer 2,400,000 shares, representing 12% of its share capital, in the Parallel Market. The offer is restricted to Qualified Investors as per the CMA's Glossary of Defined Terms. The CMA emphasized that its approval confirms compliance with legal requirements but is not an investment recommendation.