RIYADH: Al Hasoob, the computer and electronics retailer with seven branches throughout Saudi Arabia, has won Capital Market Authority (CMA) approval to list on the parallel Nomu market.
The offer of 280,000 shares to qualified investors represents 20 percent of the company’s share capital, the CMS said in a filing on Tuesday.
No date was provided for the listing, but the CMA's approval is valid for six months and will be cancelled if the offering and listing of the Company's shares does not happen within this period.
