Nofoth board approves transition to Main Market

08:36 AM (Mecca time) Argaam
Logo ofNofoth Food Products Co.

Logo of Nofoth Food Products Co.

Nofoth Food Products Co.’s board of directors approved, in its meeting on Jan. 12, the company’s transition from Nomu-Parallel Market to the Main Market, according to a statement to Tadawul.

 

Estidamah Capital was named as financial advisor. The move is subject to the Saudi Exchange’s (Tadawul) approval in line with the listing rules and all the requirements.

 

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Any relevant material developments will be announced, the company said.

 

The company was listed on Nomu in January 2023, with SAR 48 million in capital (par value of SAR 1 a share), data compiled with Argaam showed.

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