Tadawul suspends calculation and publishing of Nomu from May 14

The Saudi Stock Exchange (Tadawul) announced in a statement today the calculation and publishing of the Parallel Market Index (Nomu) to be suspended by the end of trading on Thursday, May 14, 2020.

In addition, the bourse also adjusted the capping threshold of the weight of each issuer in the Parallel Market Capped Index (NomuC) to 35%, effective from the start of trading today, April 14.

According to data available on Argaam, Tadawul approved the request of Arab Sea Information System Co. to transition its shares from Nomu to the main market and start trading from April 15, 2020, with the symbol 7201.

With the transfer of Arab Sea, the number of companies listed in the parallel market in 2017 reduced to 4.

Companies moving from Parallel Market to the Main Market
Company	Board approval	Apply for transfer		Transfer approval from Tadawul	Start of trading on main market
Al Kathiri Holding	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 Restaurants	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		Mar 17, 2020	Apr 12, 2020	Apr 15, 2020
Al-Omran	Feb. 16, 2020		Mar 29, 2020	--	--

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Tadawul approves Arab Sea transition to main market

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