Ladun’s board agrees to transfer shares from Nomu to TASI

Logo of Ladun Investment Co.

Ladun Investment Co.’s board of directors approved today, Oct. 23, the transition from the Nomu-Parallel Market to Tadawul All-Share Index (TASI).  

The board of directors appointed Al Rajhi Capital as financial advisor on the target transition.

In two separate statements to Tadawul, Ladun added it will announce any future relevant developments in due course.

The transition to the main market is subject to Saudi Exchange approval and is conditional on meeting all of the listing rules, according to the statements.

Ladun was founded in 2004 as a limited liability company in Riyadh and was converted in 2011 to a closed joint stock company. It has a current capital of SAR 500 million and was listed on Nomu in June 2022.