Logo ofThe Capital Market Authority (CMA)
The Capital Market Authority (CMA) approved Petrolube’s request to register and float nine million shares on the Main Market (TASI).
The shares to be offered represent 30% of the company’s total 30 million share capital.
The market regulator said the prospectus will be published well ahead of the IPO period.
The approval remains valid for six months from the date of the CMA’s decision and will be deemed void if the offering and listing are not completed within this timeframe.
Logo ofThe Capital Market Authority (CMA)
The Capital Market Authority (CMA) approved Petrolube’s request to register and float nine million shares on the Main Market (TASI).
The shares to be offered represent 30% of the company’s total 30 million share capital.
The market regulator said the prospectus will be published well ahead of the IPO period.
The approval remains valid for six months from the date of the CMA’s decision and will be deemed void if the offering and listing are not completed within this timeframe.
