Al-Andalus Academic Firm emblem
The Capital Market Authority introduced the issuance of a choice by the Authority’s Board right this moment, which incorporates approval of Al-Andalus Academic Firm’s request to register its shares and provide 24.9 million of its shares for public subscription.
The shares scheduled to be provided characterize 30% of the corporate’s complete shares, which quantity to 83 million shares.
The Authority famous that the prospectus will probably be revealed effectively earlier than the subscription begin date.
It confirmed that its approval of the request is efficient for a interval of 6 months from the date of the Authority’s Board of Administrators’ determination, and the approval is taken into account void if the providing and itemizing of the corporate’s shares will not be accomplished throughout this era.
Al-Andalus Academic Firm owns and operates Al-Andalus Nationwide Faculties. It was established in 1404 AH, similar to 1984 AD, within the metropolis of Jeddah, and its department was established in Taif in 1423 AH, then it expanded all through the Kingdom.
The corporate has branches and faculties in Jeddah, Mecca, Taif, Abha, Khamis Mushait, Al-Jawf, and Najran.
