Group Five Pipe to offering 10% shares on Nomu

RIYADH: Saudi Arabia’s Capital Market Authority on Wednesday approved Group Five Pipe Saudi Ltd. request to offer 2.8 million shares, or 10 percent of its share capital on Nomu, the authority said in a statement.

The offering on the parallel stock market will be restricted to qualified investors, who should conduct their due diligence on the information shared in the company’s prospectus, it added.