Tadawul trading screen

The Saudi Exchange (Tadawul) launched the Nomu - Parallel Market on Feb. 26, 2017.

 

Seven companies listed their shares on Nomu post-launch. Currently, Nomu includes 12 companies.

 

During this period, eight companies moved from Nomu to the main market, namely, Raydan Food Co., Baazeem Trading Co., Abdullah Saad Mohammed Abo Moati for Bookstores Co., Al-Omran Industrial Trading Co., Sadr Logistics Co. (previously Al-Samaani Factory for Metal Industries Co.), Arab Sea Information Systems Co., Al Kathiri Holding Co. and Thob Al Aseel Co.

 

In addition, Development Works Food Co. announced, on Sept. 22, that it filed a request for the transition from Nomu to the main market.

 

The eight firms that moved to the main market reported strong performance, led by Arab Sea shares surging more than 500%, according to data compiled by Argaam.

 

Al Kathiri followed with a 180% increase, Baazeem (141%), and Al-Omran tailed the list with around 43%.

 

Performance of Companies Moving From Nomu to Main Market (SAR)

Company

Listing Price

Last Closing Price (Nomu)

Closing Price on Sept. 22

Change (%)

Arab Sea

11.00 

25.55 

156.80

514

Al Kathiri*

31.00 

29.16 

81.70

180

Baazeem

39.00 

53.10 

128.20

141

Abo Moati*

12.00 

21.80 

50.00

129

Thob Al Aseel*

42.50 

42.00 

87.10

107

Raydan

32.00 

14.23 

27.55

94

Sadr (previously Al-Samaani)*

35.05* 

247.00 

436.40

77

Al-Omran

28.00 

80.40 

115.20

43

*Amending Capital

 

Companies That Moved From Nomu To Main Market

Company

Date of Listing on Nomu

Date of Transition to Main Market

Al Kathiri

July 9, 2017

Nov. 3, 2019

Thob Al Aseel

June 15, 2017

Nov. 10, 2019

Abo Moati

May 22, 2017

Nov. 11, 2019

Raydan 

Feb. 26, 2017

Nov. 21, 2019

Baazeem

Feb. 26, 2017

Dec. 4, 2019

Arab Sea

May 4, 2017

April 15, 2020

Al-Omran

Feb. 26, 2017

July 21, 2020

Sadr (Previously Al-Samaani)

Feb. 26, 2017

Dec. 10, 2020

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request