Neft Alsharq gets CMA approval to float 5M shares on Nomu

Logo of Neft Alsharq for Chemical Industry Co.

The Capital Market Authority (CMA) approved today, March 13, Neft Alsharq for Chemical Industries Co.’s request to list and float five million shares, representing 20% of its share capital, on the  Nomu-Parallel Market. 

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

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