Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the initial public offering (IPO) of Scientific and Medical Equipment House Company's (SMEH) shares.
SMEH will issue 6 million shares, representing 30% of its capital for the IPO, the Saudi Exchange (Tadawul) announced in a bourse filing.
In a separate disclosure, Tadawul said the CMA also gave the green light for Advance International Company for Communication and Information Technology (AICTEC Advance International) to offer 400,000 shares, representing 20% of the capital, to trade on the Parallel Market (Nomu) of Tadawul.
Tadawul also announced that the CMA approved for Al Wasail Industrial Company to list 2.5 million shares, accounting for 10% of the capital, on Nomu.
The prospectuses will be published within sufficient time prior to the start of the subscription period for SMEH shares as well as the offering of both AICTEC and Al Wasail’s shares.
