CMA OKs View Real Estate 18.2% IPO on Nomu

The Capital Market Authority (CMA) approved on Sept. 28 registering and offering 600,000 shares, or 18.18% of View Limited Real Estate Development Co.’s capital on Nomu-Parallel Market, according to a CMA statement.

The IPO will be confined to qualified investors and the prospectus will be published within sufficient time prior to the start of the offering.

The CMA's approval shall be valid for six months. It shall be deemed cancelled if the offering and listing are not completed within this period.

Source Argaam