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Financial Authority Approves 15% Shares Sale
The Capital Market Authority announced its approval for the offering of 15% of Al-Munahil Company's shares on the Parallel Market. The sale process will begin with 900,000 shares designated for qualified investors, and the offering prospectus will be published prior to the start of the offering. The Authority clarified that the approval remains valid for six months, and if the listing does not occur within this period, the approval will automatically expire. Investors are required to review the information contained in the prospectus and consult with a financial advisor before making any investment decisions.
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