Introduction

The Saudi Arabian Capital Market Authority has granted Paper House’s request to list its shares for a direct listing on Nomu’s parallel market.

Trading Limitations and Registration

The agency said in a statement today, Thursday, that trading in these shares will be limited to the categories of qualified investors specified in the list of terms used in the regulations and rules of the Capital Market Authority, and a registration document will be published long before the listing date.

Research and Consultation

She added that qualified investors wishing to purchase the offered shares should research and study the information disclosed in the prospectus. If it is not possible to understand the contents of the prospectus, it is advisable to consult an authorized financial advisor before making any investment decision.

Board Approval and Legal Requirements

She clarified that the Board’s approval of the application should not be taken as a confirmation of the possibility of investing in the offer or in the shares of the interested company, since the Board’s decision to approve the application meant that the legal requirements had been complied with in accordance with the Capital Market Law and its enforcement regulations.

Validity of Approval

She indicated that the approval of the application by the Authority is considered valid for 6 months from the date of the decision of the Board of the Authority, and the approval is considered canceled if the placement and listing of the company’s shares are not completed within this period.