CMA announces the IPO of Abdul Mohsen Al-Hokair Group

07/05/2014 17:36 AST

The CMA Board has issued its resolution approving Abdul Mohsen Al-Hokair Group for Tourism and Development Company's initial public offering of (16,500,000) shares representing (30%) of the Company’s share capital. A portion of the offered shares will be allocated to mutual funds and authorized persons. The Company's shares will be offered during the period from 29/07/1435H to 05/08/1435H, which corresponds to the period from 28/05/2014G to 03/06/2014G, once the book-building process is complete.

The Company's prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the share price, Company's financial statements, activities and management.

A subscription decision without reading the prospectus carefully, or fully reviewing its content, may implicate a higher risk. Therefore, investors should carefully read the prospectus; which includes detailed information on the company, the offering, and risk factors. Thus, will provide the potential investors with the ability to evaluate the viability of the investment, taking into consideration the associated risks. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to any investment decision.

The CMA Board approval of offering prospectuses should never be considered as a recommendation to invest in the offering of shares in any specific company. The Board's approval of a prospectus merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

Tadawul