Saudi CMA approves the IPO of 30% of Tadawul
- Date: 03-Nov-2021
- Source: Arab News
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi CMA approves the IPO of 30% of Tadawul
RIYADH: Tadawul, the Saudi stock exchange company is going public in an IPO. The Capital Market Authority (CMA) has approved the request of the Saudi Tadawul Holding Group Company to offer 36 million shares for public subscription, representing a 30 percent Tadawul stake. The Authorityâs approval of the application is valid for six months from the date of the decision. The approval is considered canceled if the offering and listing of the companyâs shares are not completed during this period.