Saudi Arabia’s Capital Market Authority (CMA) has approved Saleh Abdulaziz Al Rashed & Sons Company’s application to register and offer 5,580,000 shares in an initial public offering, representing 30% of the company’s share capital. The CMA noted that the prospectus will be published with sufficient time before the subscription period and will include information such as financial statements, activities and management. It also warned investors that subscribing without carefully reading the prospectus may involve high risk and clarified that CMA approval is not a recommendation to subscribe, but confirmation that the offering meets the legal requirements under the Capital Market Law and its Implementing Regulations. 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 2025-09-22
Saudi Arabia Capital Market Authority approves Saleh Abdulaziz Al Rashed & Sons Company IPO registration for 5,580,000 shares
Saudi Arabia's Capital Market Authority (CMA) approved Saleh Abdulaziz Al Rashed & Sons Company's application to offer 5,580,000 shares in an initial public offering, representing 30% of its share capital. The CMA emphasized that the prospectus will be available before the subscription period and cautioned investors about the risks of subscribing without reviewing it. The approval is valid for six months and will be void if the offering and listing are not completed within this timeframe.