Gulf Steel Works Factory Company intends to offer 6 million shares for public subscription representing 30% of the company's shares, after the CMA Board approved the company's request, and the CMA will publish the prospectus well before the start of the subscription, indicating that the prospectus contains the information and data that the investor needs to review before making an investment decision or not, especially regarding the share price, company financial statements, and full information about its activity and management.

The CMA stated that the decision to subscribe without reviewing the prospectus and studying its content may entail high risks, so the investor must review the prospectus, which contains detailed information about the company and the doctor, and full information about its activity and management. The Authority stated that the decision to subscribe without reading the prospectus and studying its content may involve high risks, so the investor must read the prospectus, which contains detailed information about the company, the offering and risk factors, and study it carefully to be able to assess the feasibility of investing in the offering or not in light of the associated risks, and if the contents of the prospectus cannot be understood, it is preferable to consult a licensed financial advisor.

The Authority stated that the prospectus contains information and data that the investor needs to know before making an investment decision. It stated that its approval of the application is effective for a period of 6 months from the date of the Authority's decision, and the approval will be considered canceled if the offering and listing of the company's shares is not completed during this period.

The approval is effective for a period of 6 months from the date of the Authority's decision.