RIYADH: 萝莉视频鈥檚 Capital Market Authority has given a green light to two initial public offerings amid the Kingdom鈥檚 current bourse listing boom.

The stock market regulator approved the real estate developer, Retal Urban Development Co.鈥檚 application, with 12 million shares to be offered, representing 30 percent of the firm鈥檚 capital.

Investment firm Abdullah Al-Othaim Investment Co. will also offer 30 million shares, amounting to 30 percent of its total capital, the CMA said in a statement. 

Both approvals will be six months from the CMA board resolution date and will be canceled if the companies鈥� offerings are not completed within this period.