The CMA Announces Initial Public Offering of Saudi Marketing Company

24/12/2013 20:14 AST

The CMA Board has issued its resolution approving Saudi Marketing Company's initial public offering of (7,500,000) shares representing (30%) of the Company's share capital. A portion of the offered shares will be allocated to mutual funds and authorized persons. The Company's shares will be offered during the period from 21/3/1435H to 27/3/1435H, which corresponds to the period from 22/1/2014G to 28/1/2014G, once the book-building process is complete.

The Company's prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the share price, Company's financial statements, activities and management.


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The Capital Market Authority announced Thursday that FARM Superstores's equity shares would begin trading on Saudi stock exchange (Tadawul) from Sunday (Feb. 16), under code 4006 in the retail sector

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