.
.
.
.

What are the six main differences between Saudi’s Tadawul and Nomu?

Published: Updated:

The Saudi Stock Exchange (Tadawul) is to launch on Sunday the ‘Nomu-Parallel Market,’ an alternative equity market with lighter listing requirements compared to the main market.

Below are the six major differences between the main exchange and the parallel market:

Listing

Parallel Market: Must be public offering
Main Market: Must be initial public offering

Market Capitalization

Parallel Market: 10 million riyals
Main Market: 100 million riyals

Listing percentage

Parallel Market: Not less than 20 percent
Main Market: Not less than 30 percent

Number of shareholders

Parallel Market: Only 50 shareholders and can be as low as 35
Main Market: Starts with 200 shareholders in each company

Disclosure

Parallel Market: Quarterly data must be released within 45 days and yearly within 90 days
Main Market: Quarterly data must be released within 30 days and yearly within 90 days

Fluctuation ratios

Parallel Market: Fluctuation limit up to 20 percent
Main Market: Fluctuation limit up to 10 percent