Al-Omran Industrial Trading Co.’s board of directors approved on Feb. 16 the company’s transition from Nomu Parallel Market to the Saudi Stock Exchange (Tadawul), the company said in a bourse filing.

 

The market transition is subject to regulatory approvals, the statement added.

 

The market listing regulations, issued earlier the Capital Market Authority (CMA), included additional provisions for Nomu-listed companies’ transition to the Main Market.

 

Al-Omran was listed on Nomu on Feb. 26, 2017 with SAR 60 million in capital (6 million shares).

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