Saudi’s Tadawul to list seven companies on new SME market Nomu

Saudi Arabia’s stock exchange, the Tadawul, said on Monday it has received regulatory approvals to list seven companies on its new parallel market, Nomu, which is set to open on Feb 26.

The Nomu market is designed for small and medium sized enterprises, requiring a market value of at least SAR10m ($2.67m), minimum shareholder size of 35-50 shareholders, and an offering of at least 20 per cent.