Banan Real Estate board approves moving to main market

04/07/2023 Argaam

Banan Real Estate board approves moving to main market

Logo of Banan Real Estate Co.

Banan Real Estate Co.'s board of directors approved today, July 4, a decision to move the company to the main market from Nomu-Parallel Market, based on the requirements of the updated and amended listing rules, the company said in a statement on Tadawul.

 

The board appointed Aldukheil Financial Group as the financial advisor for the move.

 

The transition is pending the market’s approval and subject to meeting listing rules.

 

Any updates in this regard will be announced duly, the statement added.

 

In August 2021, Banan Real Estate, whose capital reaches SAR 200 million, started trading as a direct listing on Nomu, according to data available on Argaam.

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