Nomutrading screen
The number of listings on the Nomu-Parallel Market reached 123 since its launch in February 2017. However, several initial public offerings (IPOs) have been canceled and left incomplete. 
Since Nomu’s inception, 11 offerings have been canceled, starting with Alramz Real Estate Co. in December 2022 and most recently Rawabi Marketing International Co. on Sept. 8. In addition, two companies never disclosed subscription results.
This year alone marked the highest number of cancellations, with IPOs of Rawabi Marketing, Dom International Investment Co., Al Khaldi Logistics Co., and International Unions For Trade Co.(IUTC), which was scrapped even before its launch.
Cancellation reasons range from incomplete procedures, or strategic decisions by companies to postpone market entry for better returns to shareholders and investors.
Nomutrading screen
The number of listings on the Nomu-Parallel Market reached 123 since its launch in February 2017. However, several initial public offerings (IPOs) have been canceled and left incomplete.
Since Nomu’s inception, 11 offerings have been canceled, starting with Alramz Real Estate Co. in December 2022 and most recently Rawabi Marketing International Co. on Sept. 8. In addition, two companies never disclosed subscription results.
This year alone marked the highest number of cancellations, with IPOs of Rawabi Marketing, Dom International Investment Co., Al Khaldi Logistics Co., and International Unions For Trade Co.(IUTC), which was scrapped even before its launch.
Cancellation reasons range from incomplete procedures, or strategic decisions by companies to postpone market entry for better returns to shareholders and investors.
