CMA approves floating shares of Al Hasoob Trading

The number of to-be offered shares represents 20% of the company’s capital

  
A broker monitors stock prices on a screen at the Saudi Investment Bank in Riyadh September 5, 2013.

A broker monitors stock prices on a screen at the Saudi Investment Bank in Riyadh September 5, 2013.

REUTERS/Faisal Al Nasser

Riyadh – Mubasher: The Capital Market Authority (CMA) gave its green light for listing 280,000 shares of Al Hasoob Trading Company on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

The number of to-be offered shares represents 20% of the company’s capital, according to a bourse statement.

Tadawul noted that the prospectus will be published within sufficient time before starting the offering.

Al Hasoob Trading has been in the market for more than 30 years, focusing on the technology sector.

Source: Mubasher

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