Thob Al Aseel Co.’s board of directors approved on Sunday to transfer the firm’s listing from Nomu Parallel Market to the main Saudi Stock Exchange (Tadawul), it said in a bourse statement.

 

The move is still pending meeting Tadawul’s requirements and obtaining all regulatory approvals, it added.

 

Yesterday, the Capital Market Authority (CMA) issued amendments of the listing regulations, which included the mechanism of transferring a listing from Nomu to the main market.

 

Thob Al Aseel was listed on Nomu in June 2017 with SAR 300 million in capital (30 million shares).

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