CMA approves Food Gate offering of 420,000 shares on Nomu

14/11/2022 Argaam

CMA approves Food Gate Trading's offering of 420,000 shares on Nomu

Logo of Food Gate Trading Co.

The Capital Market Authority (CMA) approved today, Nov. 14, the application submitted by Food Gate Trading Co. to register and offer 420,000 shares on Nomu-Parallel Market.

 

The offer shares represent 20% of the company’s total capital, the Saudi market regulator said in a statement.

 

Trading these shares will be limited to qualified investors. The relevant prospectus will be issued in sufficient time ahead of the offering date.

 

The approval of the application will be valid for six months from the CMA board’s resolution date. The approval will be deemed cancelled if the listing of the company's shares is not completed within this period.

 

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