Thursday, Aug 17, 2017

Dubai

Saudi Arabia’s capital markets regulator said it has approved Takhzeen Logistics’ plan to offer 35 per cent of its share capital to qualified investors stipulated in the parallel market listing rules.

The prospectus will be published within sufficient time before the start of the offering, the company said in a statement.

“Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus. If the prospectus proves difficult to understand, it is recommended to consult with an authorised financial adviser before making any investment decision,” the regulator said.

The CMA’s approval on the offer shall be valid for six months. The approval shall be deemed cancelled if the offering and listing of the company’s shares are not completed within this period.

Staff Report

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