Riyadh - Mubasher: The Capital Market Authority (CMA) approved the initial public offerings (IPOs) for two companies seeking to list shares on the Main Market of the Saudi Exchange (Tadawul).
Al Ramz Real Estate Company intends to offer 12.85 million shares, representing 30% of its share capital, according to a bourse disclosure.
Meanwhile, Consolidated Gruenenfelder Saady Holding Company (CGC) will float 30 million shares, equivalent to 30% of its share capital.
Altwijri Trading gets CMA nod for Nomu listing
The CMA approved Abdulaziz Ahmad Altwijri Trading Company's application to list 1 million shares, accounting for 20% of its share capital, on the Parallel Market of Tadawul (Nomu).
Earlier on 23 June, the authority passed the registration and share offerings of two companies on Nomu.
