Nomu trading screen
The market capitalization of the Nomu-Parallel Market reached a record level in 2023, amounting to SAR 48.3 billion.
Nomu's market capitalization hovered around SAR 2 billion during the first three years of the launch of the Parallel Market Capped Index (NomuC) in 2017, experiencing a compound annual growth rate (CAGR) of 67% over the preceding seven years.
These increases were attributed to the ongoing listing of companies on Nomu, with 70 companies added since its inception. By the end of 2023, the total number of listed firms reached 79, compared to only nine in 2017.
Over the past seven years, NomuC rose from 3,140 points in 2017 to 24,529 points by the end of 2023, reaching its highest closing at 26,245 points in 2020.
The index closed out 2023 with a leap of approximately 5,112 points, or 26%, compared to the closing in 2022.
|
Nomu Performance |
|||||||
|
Item |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Market Index (pts) |
3,140 |
2,521 |
7,440 |
26,245 |
25,976 |
19,417 |
24,529 |
|
Market Capitalization (SAR bln) |
2.3 |
2.3 |
2.5 |
12.2 |
19.0 |
35.1 |
48.3 |
|
Listed Companies |
9 |
10 |
5 |
4 |
14 |
46 |
79 |
|
Companies Transferred to TASI |
0 |
0 |
5 |
3 |
1 |
0 |
2 |
A total of 678,700 negotiated deals were executed on Nomu stocks, involving roughly 638.2 million shares, at a total value of around SAR 8.1 billion.
|
Negotiated Deals since 2017 |
||
|
Year |
No. of Deals (‘000) |
Traded Value (SAR bln) |
|
2017 |
78.8 |
1.8 |
|
2018 |
42.2 |
0.4 |
|
2019 |
138.5 |
2.3 |
|
2020 |
287.5 |
7.1 |
|
2021 |
394.0 |
11.4 |
|
2022 |
676.9 |
13.5 |
|
2023 |
678.7 |
8.1 |
On the market sectors side, the total number of sectors reached 16 by the end of 2023, compared to seven in 2017, as illustrated in the following table:
|
Number of Companies in Each Sector |
|||||||
|
Sector |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Basic Materials |
1 |
1 |
-- |
1 |
5 |
9 |
15 |
|
Capital Goods |
1 |
2 |
2 |
1 |
1 |
8 |
12 |
|
Commercial and Professional Services |
1 |
1 |
1 |
-- |
-- |
2 |
4 |
|
Long-Term Goods* |
1 |
1 |
-- |
-- |
-- |
-- |
-- |
|
Transportation |
-- |
-- |
-- |
-- |
-- |
-- |
3 |
|
Consumer Services |
2 |
2 |
1 |
1 |
1 |
2 |
6 |
|
Retail of Luxury Goods |
2 |
2 |
-- |
-- |
1 |
4 |
4 |
|
Retail of Consumer Goods |
-- |
-- |
-- |
-- |
-- |
-- |
2 |
|
Food Production |
-- |
-- |
-- |
-- |
1 |
4 |
7 |
|
Personal Household Products |
-- |
-- |
-- |
-- |
-- |
-- |
2 |
|
Healthcare |
-- |
-- |
-- |
-- |
1 |
5 |
8 |
|
Financial Services |
-- |
-- |
-- |
-- |
-- |
-- |
2 |
|
Technology Applications and Services |
1 |
1 |
1 |
-- |
-- |
5 |
8 |
|
Technology Devices and Equipment |
-- |
-- |
-- |
-- |
-- |
1 |
-- |
|
Public Utilities |
-- |
-- |
-- |
-- |
1 |
1 |
1 |
|
Traded Real Estate Funds |
-- |
-- |
-- |
-- |
-- |
1 |
1 |
|
Real Estate Management and Development |
-- |
-- |
-- |
1 |
3 |
4 |
4 |
|
Total |
9 |
10 |
5 |
4 |
14 |
46 |
79 |
According to the transition mechanism from Nomu to TASI in the modified listing rules issued by the Capital Market Authority (CMA), 11 companies transferred to TASI. The first was Al Kathiri Holding Co. in October 2019, while the most recent was Riyadh Cement Co. in December 2023.
The following table details companies that transitioned from Nomu to TASI:
|
Companies Transitioned to TASI |
||||
|
Company |
Board Approval |
Request to Transfer |
Tadawul Approval |
Listing on Main Market |
|
Al Kathiri |
Oct. 9, 2019 |
Oct. 15, 2019 |
Oct. 28, 2019 |
Nov. 3, 2019 |
|
Thob Al Aseel |
Oct. 6, 2019 |
Oct. 16, 2019 |
Nov. 4, 2019 |
Nov. 10, 2019 |
|
Abo Moati |
Oct. 6, 2019 |
Oct. 16, 2019 |
Nov. 4, 2019 |
Nov. 11, 2019 |
|
Raydan |
Oct. 8, 2019 |
Oct. 29, 2019 |
Nov. 17, 2019 |
Nov. 21, 2019 |
|
Baazeem |
Oct. 7, 2019 |
Nov. 14, 2019 |
Nov. 28, 2019 |
Dec. 4, 2019 |
|
Arab Sea |
Oct. 9, 2019 |
March 17, 2020 |
April 12, 2020 |
April 15, 2020 |
|
Al-Omran |
Feb. 16, 2020 |
June 15, 2020 |
July 15, 2020 |
July 21, 2020 |
|
Sadr Logistics |
Sept. 27, 2020 |
Nov. 2, 2020 |
Dec. 3, 2020 |
Dec. 10, 2020 |
|
Development Works Food |
Sept. 12, 2021 |
Nov. 4, 2021 |
Nov. 17, 2021 |
Nov. 23, 2021 |
|
Sumou |
May 15, 2022 |
May 24, 2023 |
Aug. 20, 2023 |
Sept. 7, 2023 |
|
Riyadh Cement |
June 29, 2022 |
June 18, 2023 |
Nov. 14, 2023 |
Dec. 5, 2023 |
Based on the CMA’s listing rules, companies aiming to transition from Nomu to TASI should fulfill the following requirements:
1) File the transition request after listing on Nomu for two years.
2) The companies are required to fully comply with listing regulations on Tadawul, except for market capitalization. The minimum market cap should stand at SAR 200 million, six months before submitting transition requests.
3) The company's board reports should be disclosed to the public, including the required information according to the relevant executive regulations.
4) The company's board should approve the transition to the main market and disclose this to the public prior to the start of the trading session that follows the approval.
5) Submit the transition request to the CMA and be announced to the public.
The company's shares will be suspended from trading for a period not more than five sessions until transition procedures are completed, after which the company's shares debut on TASI.
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