Money and business

Approval of offering 30% of the shares of “Marketing Home” for public subscription

The Board of Directors of the Capital Market Authority agreed to the request of the Marketing Home Group Company for the registration of its shares and the offering of (4,800,000) shares for public subscription, representing (30%) of the total shares of the company, while the publication of the issuance bulletin will be published before the start of the subscription time in sufficient time.
The version bulletin contains the information and data that the investor needs to view before or not, including the company’s financial statements and adequate information about its activity and management.
The authority said: The subscription decision without seeing the issuance bulletin and studying its content may involve high risks.
She called on the investor to see the issuance bulletin, which contains detailed information about the company, subtraction and risk factors, and studying it carefully to be able to estimate the feasibility of investing in proposing or not in light of the accompanying risks, and in the event that the contents of the issuance newsletter cannot be understood, it is preferable to consult a licensed financial advisor.
According to the commission, the authority’s approval of the request should not be seen as a ratification of the feasibility of investing in the offering or in the shares of the company concerned.
She explained that the authority’s decision to approve the request means that the regular requirements have been adhered to according to the financial market system and its executive regulations.
The authority’s approval of the request is considered a window for a period of (6) months from the date of the decision of the Council’s Council, and approval is canceled in the event that the company’s shares are not completed and included during this period.

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