Addendum announcement from The Capital Market Authority with respect to the Approval on Offering shares of of Sumou Real Estate Company in the Parallel Market
Tuesday, April 28, 2020 at 8:37 AM
Tue Apr 28, 2020 08:37
With reference to the CMA announcement on 07/04/1441H corresponding to 04/12/2019G in relation to approving Sumou Real Estate Company's "the Company" application for the offering of (7,500,000) shares representing (30%) of the Company's share capital in the parallel market. The CMA would like to announce its approval on the company’s request of reducing the number of shares to be offered in the parallel market to (1,250,000) shares representing (5%) of the Company's share capital.
Prospective Qualified Investors should conduct their own due diligence on the information disclosed in the supplementary prospectus. If the supplementary prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision