Riyadh –  The Saudi Capital Market Authority (CMA) has approved the request by Sumou Real Estate Company to reduce the number of shares to be offered in the Nomu Parallel Market.

The real estate firm will now offer 1.25 million shares, representing 5% of the company's share capital, down from a previously approved offering of 30% or 7.5 million shares, according to a statement by the Saudi Stock Exchange (Tadawul).

CMA further noted that investors should conduct their own due diligence on the information disclosed in the supplementary prospectus.

It also recommended consulting with an authorized financial advisor prior to making any investment decision if the supplementary prospectus proves difficult to understand.

 

Source: Mubasher

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