The Capital Market Authority (“CMA”) Board has approved the application of Hamad Mohammed Bin Saedan Real Estate Company (the “Company”) on 20/09/1446H (corresponding to 20/03/2025G) for the registration and offering of four million two hundred thirty-five thousand two hundred ninety-four (4,235,294) shares, representing 15% of the Company’s capital, on the Parallel Market (Nomu). Merchants Capital is the financial advisor for the offering.
Approval Details
| Issuer | Hamad Mohammed Bin Saedan Real Estate Company |
|---|---|
| Market | Parallel Market (Nomu) |
| Shares to be offered | 4,235,294 shares |
| Percentage of capital | 15% |
| Eligible investors | Qualified Investors |
| CMA Board approval | 20/09/1446H (corresponding to 20/03/2025G) |
| Approval validity | Six months from the date of the CMA Board resolution |
| Financial Advisor | Merchants Capital |
The prospectus will be published prior to the commencement of the offering. Prospective investors are advised to conduct their own due diligence and to consult an authorized financial advisor before making an investment decision.
The CMA’s approval should not be considered a recommendation to invest in the offering or the shares of the Company. The approval is valid for six months from the date of the CMA Board resolution and will be considered void if the offering is not completed within that period.
Transaction Milestones
- 20 Mar 2025 CMA Approval of Registration and Offering
Source: announcement on the CMA website
