The Saudi Parallel Market (Nomu), is a parallel equity market in

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...

launched the Saudi Stock Exchange (Tadawul) on 26 February 2017 with lighter listing requirements. Nomu serves as an alternative platform for companies to be publicly listed. The aim of Nomu is to provide additional sources of funding for issuers as well as improving the capital market.

Requirements

Listing in the Parallel Market requires a minimum market cap of SAR 10 million ($2.6 million), and at least 20% of the shares are owned by the public. Moreover, listing requires that at least 50 public

shareholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal own ...

s are required at the time of listing.

References

Stock exchanges in Saudi Arabia Finance in Saudi Arabia Stock exchanges in Asia 2017 establishments in Saudi Arabia {{SaudiArabia-stub