DUBAI Feb 13 Saudi Arabia's Capital Market
Authority (CMA) said on Monday that it had approved public
offerings for two companies on its bourse dedicated to small and
Roya Real Estate Investment Company will offer 20 percent of
itself in its share sale, equivalent to 8.6 million shares, with
Thob Al-Aseel Company offering 20 percent of itself in its share
sale, equivalent to 1.0 million shares, the CMA said.
Both offers will be confined to Qualified Investors
stipulated in the Parallel Market Listing rules, the CMA said.
Announced in April last year and expected to go live in
early 2017, the market is a bid to improve access to capital and
encourage better corporate governance.
(Reporting By Tom Arnold, editing by Hadeel Al Sayegh)