The Saudi Capital Market Authority has announced the issuance of the decision of the Board of Directors of the Authority approving the request of Naqi Water Company to register its shares and offer 6 million shares in public subscription, equal to 30% of the company’s total shares. well before the start of the subscription.
The authority stated in a statement on its website, today, Wednesday, that the prospectus contains information and data the investor should see before making an investment decision or not, including the company’s financial statements and adequate information about its business and management.
He said that the decision to sign without reviewing the prospectus and studying its contents can involve high risks. Therefore, the investor should review the prospectus, which contains detailed information about the company, the offer and the risk factors, and study it carefully in order to assess the feasibility of investing in the offer in light of the associated risks. of the prospectus cannot be understood, it is preferable to contact a financial adviser authorized for him.
And he continued: “The approval of the application by the Authority must not be seen as an endorsement of the feasibility of the investment in the offer or in the shares of the company concerned, in when the Authority’s decision to approve the application means that the legal requirements have been complied with under the capital market law and its implementing regulations. “
The approval of the Authority on the application is valid for a period of 6 months from the date of the decision of the Council of the Authority, and the approval is considered canceled in the event in which the offer and listing of the company’s shares do not end during tale period.
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