Logo ofHamad M. Aldrees Partners Co. 
The Capital Market Authority (CMA) approved today, Dec. 23, the application submitted by Hamad M. Aldrees Partners Co. For Industry Miningtoregister and offer about 1.22 million shares,on the Nomu-Parallel Market.
The stake represents 20% of the company’s total share capital amounting to 6.10 million shares, the market regulator said in a statement.
The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules. The prospectus will be publishedwithin sufficient time prior to the start of the offering.
The CMA confirmed that its approval is valid for six months and will be void if the share offering and listing are not completed within this period.
Hamad M. Aldrees Partners was established in 1995 in Riyadh. It owns two subsidiaries: A mining company founded in 1995, which is specialized in the production of silica sand and limestone; and an architectural doors factory founded in 2007, which is specialized in the production of metal architectural doors and related accessories.
Logo ofHamad M. Aldrees Partners Co.
The Capital Market Authority (CMA) approved today, Dec. 23, the application submitted by Hamad M. Aldrees Partners Co. For Industry Miningtoregister and offer about 1.22 million shares,on the Nomu-Parallel Market.
The stake represents 20% of the company’s total share capital amounting to 6.10 million shares, the market regulator said in a statement.
The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules. The prospectus will be publishedwithin sufficient time prior to the start of the offering.
The CMA confirmed that its approval is valid for six months and will be void if the share offering and listing are not completed within this period.
Hamad M. Aldrees Partners was established in 1995 in Riyadh. It owns two subsidiaries: A mining company founded in 1995, which is specialized in the production of silica sand and limestone; and an architectural doors factory founded in 2007, which is specialized in the production of metal architectural doors and related accessories.
