CMA approves registration of 3 firms for direct listing on Nomu

Logo of CMA

Saudi Arabia’s Capital Market Authority (CMA) approved the application from three companies, including National Fertilizer Co., Natural Gas Distribution Co., and Fesh Fash Snack Food Production Co., to register shares for direct listing in the parallel market.

The approval on the applications will be valid for six months from the CMA Board resolution date, according to a statement.

The approval will be deemed cancelled if the listing of the companies’ shares is not completed within this period.

Purchase of the shares will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA.

The registration document will be published within sufficient time prior to listing.

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