Saudi: CMA approves Nomu listing, IPO of 2 companies

Reuters

Arabica Star plans to list 275,000 shares, representing 20% of its share capital, according to a bourse disclosure

Staff Writer, Mubasher

PHOTO

The Capital Market Authority (CMA) passed the request of Arabica Star Company to float its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

Arabica Star plans to list 275,000 shares, representing 20% of its share capital, according to a bourse disclosure.

Tamkeen Human Resource Company also obtained the regulatory nod for its initial public offering (IPO) to trade 7.95 million shares, equivalent to 30% of its share capital, on Tadawul.

The CMA greenlighted the two offerings on 4 September 2024.

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