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RIYADH, SAUDI ARABIA –
Media OutReach Newswire – 16 October 2024 –
Sahm Capital, a CMA fully licensed financial company, proudly announces its position as the first batch of companies to participate in the transformative
Capital Management IPO Project.
This initiative, launched by
Saudi
Tadawul Group (STG), represents a significant step forward in digitalizing and streamlining Saudi Arabia’s IPO process, making it more efficient, accessible, and attractive to investors. The project, rolled out in two phases, which aims to enhance the IPO subscription offering for both the Nomu and the Main Market. Sahm Capital is proud to be among the selected group of companies participating in the initial phase targeting the Nomu Market. The revamped IPO subscription process for the Main Market is expected to be introduced shortly, as estimated by STG.
Once fully rolled out, the
Capital Management IPO Project is expected to revolutionize the IPO landscape by accelerating processes, reducing errors, and enhancing market efficiency. By simplifying the subscription process, the new system allows investors to directly engage in the IPO, resulting in swift transactions and a more streamlined experience.
Moreover, the integration of advanced technology and direct reporting to regulators such as the
Capital Market Authority (CMA) enhances transparency, fostering greater trust among investors. A transparent market is vital for attracting more investors, driving liquidity, and contributing to the growth of Saudi Arabia’s financial sector.
Steven Chou, Chairman of
Sahm Capital, expressed his enthusiasm for the project:
“It is an honor to be part of this groundbreaking initiative. The Capital Management IPO Project is more than a technological leap—it marks a pivotal moment in Saudi Arabia’s journey toward becoming a global financial hub. By automating processes, increasing transparency, and broadening investor access, this initiative perfectly aligns with the Vision 2030 objectives.”
He added,
“At Sahm Capital, we are committed to making investing easier and more accessible for everyone. This project is also a milestone to our mission of delivering advanced technology and a easy-to-use platform to investors.”
Disclaimer
Please note that trading in financial markets involves high risks and may lead to financial losses that could exceed the invested capital. The information provided above is not in any way a recommendation or advice to sell or purchase any financial instruments, bonds, or other investments. We strongly recommend consulting a specialized financial advisor before making any investment decisions to ensure that these investments are suitable for your expertise, financial circumstances, and investment goals.
Sahm Capital does not bear any responsibility for any losses or damages that may occur as a result of making investment decisions based on this offering or the information provided.
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The issuer is solely responsible for the content of this announcement.
