Al-Omran submits request for transition to TASI

15/06/2020 Argaam

 

Al-Omran Industries & Trading Co. submitted a request to move to the main stock market, Tadawul All Share Index (TASI), through the automated system set by Tadawul for this purpose, it said in a bourse statement.

 

The company’s board recently approved on Feb. 16, 2020 a decision to move from the parallel market Nomu to the main market, according to data available on Argaam.

 

The amendments to the listing rules issued earlier by the Capital Market Authority included adding regulations related to the mechanism for the transfer of listed companies from Nomu to TASI.

 

Al-Omran was listed on Nomu on Feb. 26, 2017 with SAR 60 million in capital (6 million shares).

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