CMA Approves Offering of AlQahtani Auction Co. Shares in Parallel Market

The CMA Board has issued its resolution approving the offering of Saud H. Al-Qahtani Auction Company shares representing the percentage of (39%) of the Company's share capital. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority. The prospectus will be published within sufficient time prior to the start of the offering. and Musharaka Capital acts as their Financial Advisor.