Riyadh – Mubasher: The board of the Saudi Capital Market Authority (CMA) has approved, on 22 December, the initial public offering (IPO) of Elm Company, Al Masane Al Kobra Mining Company (AMAK), and Al Dawaa Medical Services Company.
Elm plans to offer 24 million shares representing 30% of its capital.
The authority also agreed for AMAK to offer 19.8 million shares for subscription, which represent 30% of the capital.
The CMA granted its green light for Al Dawaa to offer 25.5 million shares, representing 30% of its share capital.
