The Capital Market Authority Announces the Approval on offering Shares of Al-Omran Industrial and Trading Company in the Parallel Market

​The CMA Board has issued its resolution dated 13/04/1438H corresponding to 11/01/2017 approving the prospectus of AL-Omran Industrial & Trading Company and the offering of (1,200,000) shares representing (20%) of Al-Omran Industrial and Trading Company's share capital. The offer will be confined to Qualified Investors as per the stipulated in Parallel Market Listing Rules. The  prospectus will be published within sufficient time prior to the start of the offering.

Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the prospectus. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision.

The CMA’s approval on the offer should never be considered as a recommendation to  invest in the offering or shares of  the company. The CMA’s approval on offer merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

The CMA’s approval on the offer shall be valid for 6 months from the CMA Board resolution date. The approval shall be deemed cancelled if the offering and listing of the Company's shares  are not completed within this period.