The Capital Market Authority (CMA) has approved the prospectus for Zahrat Al Waha For Trading Company’s initial public offering on the Saudi Stock Market, the market regulator said in a statement.

 

Zahrat Al Waha will float 4.5 million shares, or 30 percent of capital, during the period from Aug. 13 to Aug. 20, as soon as the book-building process is complete.

 

The Riyadh-based company, which works in factory building and maintenance, will issue the prospectus at a later time.

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