The Saudi Capital Market Authority has announced that the Authority’s board has approved Mayar Holding’s request to list its shares for direct listing on the parallel market.

The agency’s announcement today states that the offer will be limited to the categories of qualified investors specified in the list of terms used in the Capital Markets Authority’s regulations and rules, and a prospectus will be published well in advance of the offer’s launch date.

She added that qualified investors wishing to purchase the offered shares should research and study the information disclosed in the prospectus. If it is not possible to understand the contents of the prospectus, it is advisable to consult an authorized financial advisor before making any investment decision.

She pointed out that the Board’s approval of the application should not be taken as a confirmation of the possibility of investing in the offer or in the shares of the interested company, since the Board’s decision to approve the application meant that the legal requirements had been complied with. in accordance with the Capital Market Law and its enforcement regulations.

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

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