Saudi Arabia’s capital market has witnessed a significant transformation in recent years, most notably with the launch of Nomu—the parallel market. This platform is designed to support small and medium-sized enterprises (SMEs), enabling them to access funding and achieve sustainable growth in line with Vision 2030.
This article highlights the listing requirements, subscription criteria, and trading framework within Nomu.
Listing requirements in the Saudi market
Listing on Nomu offers more flexibility compared to the main market. According to the Capital Market Authority (CMA), companies must meet the following:
- Be a Saudi joint-stock company
- Minimum paid-up capital of SAR 10 million
- At least one year of financial track record
- Minimum offering of 20% of share capital
- At least 50 shareholders upon listing
- Appointment of an approved financial advisor
Listed companies must also comply with disclosure and governance requirements.
Subscription eligibility in Nomu
Subscription in Nomu is limited to qualified investors, including:
- Licensed investment firms
- Individuals with sufficient financial expertise and capacity
- Managed investment portfolios
- Institutions meeting financial thresholds
Retail investors are generally not permitted, reinforcing a more professional investment environment.
Trading rules in the Saudi market
Trading in Nomu follows similar systems to the main market, with some differences:
- No fixed daily price fluctuation limits on the first trading day
- Trading is conducted through the Saudi Exchange platforms
- Ongoing disclosure of financial statements is mandatory
- Access is limited to qualified investors
New trading system in Saudi Arabia
As part of digital transformation, the new trading system “Sana” has been introduced, offering:
- Faster execution speeds
- Settlement cycle of T+2
- Introduction of advanced financial products
- Enhanced infrastructure for both main and parallel markets
This has improved market efficiency and attracted both local and international investors.
Conclusion
Listing on Nomu represents a strategic opportunity for companies seeking capital, visibility, and growth. With continued regulatory enhancements and digital advancements, the parallel market is expected to expand further.
Recommendation
Entrepreneurs and legal advisors should closely follow updates from the Capital Market Authority and review official listing guides to ensure a successful market entry.