Saudi Arabia’s Capital Market Authority (CMA) Board approved Wajd life trading Company’s application to register and offer shares on the Parallel Market, covering an offering of 2,500,000 shares representing 20% of the company’s share capital and restricted to Qualified Investors. The prospectus is to be published sufficiently ahead of the start of the offering. The CMA reiterated that prospective Qualified Investors should conduct their own due diligence and that the approval is not a recommendation to invest, but a 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 of 20 March 2025 and will be deemed cancelled if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-03-23
Saudi Arabia Capital Markets Authority approves Wajd life trading Company registration and 2.5 million-share offer on the Parallel Market
The Saudi Arabia Capital Market Authority approved Wajd Life Trading Company's application to register and offer 2,500,000 shares on the Parallel Market, representing 20% of its share capital, restricted to Qualified Investors. The CMA emphasized that the approval is not an investment recommendation but confirms compliance with legal requirements. The approval is valid for six months from 20 March 2025.