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Capital Market Authority approves Al Munahal share offering
The Saudi Capital Market Authority approved the offering of a 15% stake in Al Manhal Company on the parallel market, through the registration of 900,000 shares allocated to qualified investors, with the prospectus published prior to the start of the offering. The Authority stated that the approval decision does not constitute a guarantee of the investment's feasibility, and that it remains valid for six months, provided the offering and listing are completed within that period.
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