Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the initial public offering (IPO) of Abdullah Al Othaim Investment Company, a subsidiary of the listed Abdullah Al Othaim Markets Company. 

Al Othaim Investment plans to offer 30 million shares, representing 30% of the company’s capital, according to recent bourse disclosure.

The CMA also granted its green light for Retal Urban Development to issue 12 million shares, representing 30% of its share capital, in an IPO.