The Capital Market Authority (“CMA”) Board has approved the application of ANMAT Company (the “Company”) on 15/06/1446H (corresponding to 16/12/2024G) for the registration and offering of five million (5,000,000) shares, representing 11.63% of the Company’s capital, on the Parallel Market (Nomu). Merchants Capital is the financial advisor for the offering.
Approval Details
| Issuer | ANMAT Tech for Trading Co. |
|---|---|
| Market | Parallel Market (Nomu) |
| Shares to be offered | 5,000,000 shares |
| Percentage of capital | 11.63% |
| Eligible investors | Qualified Investors as defined in the Glossary of Defined Terms Used in the Regulations and Rules of the CMA |
| CMA Board approval | 15/06/1446H (corresponding to 16/12/2024G) |
| 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 if needed.
The CMA’s approval means that the legal requirements under the Capital Market Law and its Implementing Regulations have been met, and should not be considered a recommendation to invest in the offering. The approval is valid for six months from the date of the CMA Board resolution and will be considered void if the offering and listing are not completed within that period.
Transaction Milestones
- 16 Dec 2024 CMA Approval of Registration and Offering
Source: announcement on the CMA website
