CMA approves offering of 20% of “Adeer Real Estate” shares in the parallel market

The Capital Market Authority approved the request of Adeer Real Estate Company to register its shares and offer one million shares representing 20% ​​of its shares in the parallel market.

The Authority stated that the offering will be limited to the categories of qualified investors stipulated in the list of terms used in the regulations and rules of the Capital Market Authority, and the prospectus will be published well in advance of the start date of the offering.

It added, “Qualified investors wishing to purchase the offered shares must investigate and study the information disclosed in the prospectus. If the contents of the prospectus cannot be understood, it is preferable to consult a licensed financial advisor before making any investment decision.”

It indicated that the approval of the application should not be viewed as an endorsement of the feasibility of investing in the offering or in the shares of the company concerned, as it means that the regulatory requirements have been adhered to according to the Capital Market Law and its implementing regulations.

The Authority’s approval of the application is valid for a period of 6 months from the date of the Authority’s Board of Directors’ decision, and is considered void if the offering and listing of the company’s shares is not completed during this period.