The Saudi Stock Exchange “Tadawul” is to organize Nomu-Parallel Market Launch Event next Sunday the 26th of February in Riyadh, in partnership with the Capital Market Authority and the Small & Medium Enterprise Authority.
Experts are invited to participate in panels highlighting the most prominent topics and issues related to Numo-Parallel Market such as the role of Nomu-Parallel Market in leveraging the national economy, experiences of financial advisors during the submission and listing phases, and aspirations of companies listed on Numo. Moreover, the event celebrates listing companies on Nomu-Parallel Market after completing all offering and listing requirements.
Nomu - Parallel Market is an alternative trading platform with lighter listing requirements compared to the Main Market, requiring a Market cap of at least 10 million SAR and a minimum shareholder number of 35-50 shareholders. According to the rules and regulations of the Parallel Market, listed companies are obligated to publically offer not less than 20% of their shares to Qualified Investors.
