Saudi Arabia’s Capital Markets Authority (CMA) approved Dar Albalad For Business Solutions Company’s application to register and offer 21,000,000 shares, representing 30% of the company’s share capital. The prospectus is due to be published sufficiently ahead of the subscription period and will include key information for investors, including financial statements, business activities and management. The CMA emphasised that investors should read the prospectus carefully, and that its approval is not a recommendation to subscribe 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 2025-12-31
Saudi Arabia Capital Markets Authority approves Dar Albalad For Business Solutions registration and 21 million-share offering
Saudi Arabia's Capital Markets Authority approved Dar Albalad For Business Solutions Company's application to register and offer 21,000,000 shares, representing 30% of its share capital. The prospectus will be published before the subscription period, detailing financial statements, business activities, and management. The approval is valid for six months and is not a recommendation to subscribe.