Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) has approved the public offering of Mulkia - Alajlan Riviera Fund, owned by Mulkia Investment Company.
Licensed by the CMA in 2013, Mulkia Investment is a closed joint-stock company headquartered in Riyadh, with a share capital of SAR 65 million.
During 2020, the Saudi Tadawul Exchange topped the region's listings with four initial public offerings (IPOs) totalling nearly $1.45 billion, which represented 78% of the total amount raised by MENA IPO candidates.
