03/11/2019
The Capital Market Authority (CMA) announced the issuance of the CMA Board's decision approving the application of the Saudi Arabian Oil Company (Saudi Aramco) to register and put part of its shares for public subscription.
In a statement to the Market Authority, the prospectus contains the information and data that the investor needs to know before making the investment decision or not, including the company's financial statements and full information about its activity and management.
It explained that the decision to subscribe without access to the prospectus and study the content may involve high risks. Therefore, the investor should review the prospectus, which contains detailed information about the company and the offering and risk factors, and carefully study to be able to assess the feasibility of investing in the offering under the accompanying risks, and if it is not possible to understand the contents of the prospectus, it is preferable to consult a licensed financial advisor for him.
The approval of the Authority shall be considered valid for a period of 6 months from the date of the Authority's decision.
