CMA Approves Enma Al-Rawabi Direct Listing, in NOMU

The Capital Market Authority “CMA” board has approved Enma Al-Rawabi company’s application for the registration of its shares, for direct listing in the parallel market (NOMU).

Trading of these shares shall be confined to only Qualified Investors as stipulated, in the glossary of defined terms, set forth in the regulations and rules of the CMA.

The registration document shall be published within sufficient time prior to listing.

Qualified Investors wishing to purchase listed shares shall conduct their own due diligence on the information disclosed in the registration document.

If the registration document proves difficult to understand, it is recommended to consult with an authorized financial advisor, prior to making any investment decision.

The authority’s approval shall never be considered as a recommendation to invest, in the shares of the company.

CMA’s approval of the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations, have been met.

Such approval shall be valid for (6) months from the CMA board approval date.

Similarly, the approval shall be deemed cancelled if the listing of the company’s shares are not completed within the aforementioned period.