The Saudi Arabia Capital Markets Authority (CMA) board approved Abdulaziz Ahmad Altwijri Trading Co’s application to register and offer shares on the Parallel Market. The offering covers 1,000,000 shares, representing 20.00% of the company’s share capital, and will be confined to Qualified Investors as defined in the CMA’s Glossary of Defined Terms. A prospectus will be published with sufficient time before the offering begins, and the CMA urged prospective Qualified Investors to conduct their own due diligence and consider consulting an authorized financial advisor if the prospectus is difficult to understand. The CMA also noted that its approval should not be viewed as a recommendation to invest, but as confirmation that legal requirements under the Capital Market Law and its implementing regulations have been met. The approval is 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 2025-06-30
Saudi Arabia Capital Markets Authority approves Abdulaziz Ahmad Altwijri Trading Co registration and 1,000,000-share offering in the Parallel Market
The Saudi Arabia Capital Markets Authority (CMA) approved Abdulaziz Ahmad Altwijri Trading Co’s application to register and offer 1,000,000 shares on the Parallel Market, representing 20% of its share capital, limited to Qualified Investors. The CMA emphasized that its approval confirms compliance with legal requirements and is not an investment recommendation. The approval is valid for six months, contingent on completing the offering and listing within this timeframe.