Introduction

The Saudi Capital Market Authority has approved the offer of four companies to list their shares on Nomu’s parallel market. The companies include Dar Al-Mofka Rent A Car Company, Tejouri Company, Lana Medical Company, and United Company for Mining Industries.

Dar Al-Mofka Rent-a-Car

The Capital Markets Authority has approved Dar Al-Mofka Rent-a-Car’s request to list its shares and float 500,000 shares, representing 20% of its shares, on the parallel market.

Tejouri Company

The Authority has granted Tejoori’s request to register its shares and place on the parallel market about 1.818 million shares, representing 25.97% of its shares.

Lana Medical Company

Lana Medical Company has been granted approval to list its shares and offer 720,000 shares, representing 20% of its shares, in a parallel market.

United Company for Mining Industries

The Capital Markets Authority has also approved the United Mining Company’s request to list its shares and place 1.75 million shares, representing 12.50% of its shares, in the parallel market.

Offer Details

The offer of companies will be limited to the categories of qualified investors specified in the list of terms used in the regulations and rules of the Capital Market Authority, and each company will publish a prospectus well in advance of the start date of the offering.

Validity and Cancellation

Approval by the Authority of the application is considered valid for 6 months from the date of the decision of the Management Board, and the approval is considered canceled if the placement and listing of the company’s shares are not completed within this period.