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Electrical Industries gets CMA’s nod for IPO

Electrical Industries gets CMA’s nod for IPO
Saudi’s Capital Market Authority (CMA) gave a nod to Electrical Industries to float 13,500,000 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 11/11/2014 to 17/11/2014, 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 must include 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.