Listing costs on Nomu range between SAR 1 mln- SAR 1.5 mln, says official

Mohammed Al-Rumaih, CEO of Saudi Exchange Co.

The average offering cost in the Parallel Market (Nomu) ranges between SAR 1 million and SAR 1.5 million. This cost will be covered by the offering proceeds, on condition that the company reaches the listing stage, Mohammed Al-Rumaih, CEO of Saudi Exchange Co., said.

The listing cost in Nomu, within the Tomoh-ELITE program launched by the Small and Medium Enterprises General Authority (Monshaat), amounts to SAR 800,000, based on the requirements fulfilled by the company and the stage of listing.

Tadawul grants a period of up to 10 days maximum to reply to listing applications, but the offering periods decrease after the appointment of financial advisors.

Meanwhile, listing has become possible for the information technology sector players and the other sectors. Companies get various privileges, including risk reduction through enhancing transparency and the reliability of those companies, compared to private peers. This is attained by compliance with the periodical disclosures and regulations, governance policies and corporate identity. They also benefit from the privilege of easy expansions locally and abroad through acquisitions, Al-Rumaih concluded.

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