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Saudi Arabia’s MSGA Investment Co. has received approval from the Capital Market Authority (CMA) to sell 11.11 million shares in an IPO and list them on the Nomu – Parallel Market.
The shares to be offered represent 10% of the company’s total share capital.
The offering will be limited to qualified investors.
The approval will remain valid for six months from the date of the board’s decision.
Nomu is Riyadh's alternative market, offering lower listing barriers than the Main Market (TASI) and has more than 125 companies listed.
(Writing by Brinda Darasha; editing by Seban Scaria)
