FINANCIAL NEWS

Tadawul intends to open parallel market in Feb.

29 Dec 2016

(MENAFN) Saudi Arabia announced that it aims to launch Nomu-Parallel Market on February of 2017, which is likely to focus on modern type of investments, containing small and medium enterprises.

Accordingly, many firms is expected to be benefit from listing in the new parrallel market since it fewer listing necessities, compared to the Saudi Stock Exchange (Tadawul).

Additionally, trading in Nomu is restricted to Qualified Investors. Meanwhile, other retail investors are able to access Nomu – Parallel Market by investment funds with diversified investment strategies.
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