Saudi Parallel Market (Nomu)

The Saudi Parallel Market (Nomu), is a parallel equity market in Saudi Arabia launched the Saudi Stock Exchange (Tadawul) on 26 February 2017 with lighter listing requirements. Nomu serves as an alternative platform for companies to be publicly listed. The aim of Nomu is to provide additional sources of funding for issuers as well as improving the capital market.[1][2]

Requirements

Listing in the Parallel Market requires a minimum market cap of SAR 10 million ($2.6 million), and at least 20% of the shares are owned by the public. Moreover, listing requires that at least 50 public shareholders are required at the time of listing.[1][3]

gollark: I like "respect" as "recognizing people as fellow humans who you should maintain some basic standard of niceness with". And "respect" as "admiring people based on achievements". And "respect" as "acknowledge people's opinions on things reasonably" and such. I do *not* like "respect" as "subservience"/"obedience" - the "respect for authority" sense. These are quite hard to define nicely and just get lumped into one overloaded word.
gollark: > I don't really like the term of "respect", because people use it to mean so many different often mutually exclusive things based on convenience then equivocate them in weird ways;
gollark: See, I consider this somewhat, well, worrying, given what I said about "respect" for authority figures being pretty close to "subservience" a lot.
gollark: "i will be respected here." implies EVERYONE, not just staff.
gollark: I don't think it ever really had those except one time when the debug interface [REDACTED]/

References
  1. "Nomu - Parallel Market". Tadawul. 2019. Retrieved 5 September 2019.
  2. "Al Rajhi Capital | NOMU - Parallel Market". www.alrajhi-capital.com. Retrieved 2019-09-05.
  3. "Factfile: What is the Saudi Nomu-Parallel Market?". english.alarabiya.net. Retrieved 2019-09-05.


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