Saudi CMA approves the IPO of 30% of Tadawul

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RIYADH: Tadawul, the Saudi stock exchange company is going public in an IPO.

The Capital Market Authority (CMA) has approved the request of the Saudi Tadawul Holding Group Company to offer 36 million shares for public subscription, representing a 30 percent Tadawul stake.

The Authority’s approval of the application is valid for six months from the date of the decision.

The approval is considered canceled if the offering and listing of the company’s shares are not completed during this period.