The Saudi Arabia Capital Markets Authority (CMA) Board approved Alromansiah Company’s application to register and conduct an initial public offering of 18,000,000 shares, representing 30% of the company’s share capital. The prospectus is to be published with sufficient time ahead of the start of the subscription period. The prospectus will set out information for investors, including the company’s financial statements, activities and management, as well as details of the offering and risk factors. The CMA emphasised that its approval is not a recommendation to subscribe and only indicates that 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 of 29 September 2025 and will be cancelled if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-09-30
Saudi Arabia Capital Markets Authority approves Alromansiah Company IPO and registration of 18 million shares
The Saudi Arabia Capital Markets Authority approved Alromansiah Company's application for an initial public offering of 18,000,000 shares, representing 30% of its share capital. The prospectus will provide investors with financial statements, company activities, management details, and risk factors. The approval is valid for six months from 29 September 2025, subject to completion of the offering and listing within this period.