Logo ofThe Saudi Exchange (Tadawul)
In a statement, Tadawul added that this initiative comes as part of its commitment to involving stakeholders in providing their views regarding the market’s regulatory framework.
The revisions aim to broaden the categories of qualified investors in the Nomu – Parallel Market by introducing a new investor category and easing the eligibility criteria for trading and investing in Nomu. These changes are expected to have a positive impact on the financial market.
The draft also includes adjustments to the market capitalization requirement for public ownership, along with revisions to the total market capitalization requirement on the listing date for all shares intended to be listed on Nomu.
Additional amendments have been proposed to align with the Capital Market Authority (CMA) regulations and to comply with the recently updated Companies Law.
Tadawul noted that feedback will be accepted until Aug. 19 via the email address provided below: Public.Consultation@tadawulgroup.sa
It added that all opinions and comments will be given due consideration and reviewed for the purpose of approving the final version of the project.
Logo ofThe Saudi Exchange (Tadawul)
In a statement, Tadawul added that this initiative comes as part of its commitment to involving stakeholders in providing their views regarding the market’s regulatory framework.
The revisions aim to broaden the categories of qualified investors in the Nomu – Parallel Market by introducing a new investor category and easing the eligibility criteria for trading and investing in Nomu. These changes are expected to have a positive impact on the financial market.
The draft also includes adjustments to the market capitalization requirement for public ownership, along with revisions to the total market capitalization requirement on the listing date for all shares intended to be listed on Nomu.
Additional amendments have been proposed to align with the Capital Market Authority (CMA) regulations and to comply with the recently updated Companies Law.
Tadawul noted that feedback will be accepted until Aug. 19 via the email address provided below: Public.Consultation@tadawulgroup.sa
It added that all opinions and comments will be given due consideration and reviewed for the purpose of approving the final version of the project.
