Mubasher: Al Madar Finance and Investment announced that the Capital Markets Authority (CMA) has approved disclosing the document related to Al Thekair General Trading and Contracting Co’s compulsory acquisition on the entire shares of Al Madar.

On Thursday, 1 February, the CMA agreed to publish the takeover offer presented by Al Thekair for 28 fils per share, according to a bourse filing on Sunday.

The accumulation period for Al Madar will start on 13 February and end on 14 March, with National Investments being the lead manager.