The Saudi Capital Market Authority approves the listing of 4 new companies in the parallel market.

The Saudi Capital Market Authority announced in press releases published on the Saudi Tadawul platform on Tuesday its approval for the offering and listing of 4 companies on the Saudi Parallel Market Index (Nomu) after these companies submitted requests to list their shares in the Saudi stock market.

The Saudi Capital Market Authority stated that it had approved the registration and offering of shares for each of the companies: Basmat Adeel Medical, Al-Shuhaili for Metal Industries, International Union for Trade, and Al-Itmaam Consultancy.

As for the details of the offering of these companies, they are:

Basmat Adeel Medical Company

It is scheduled for Basmat Adeel Medical Company to register its shares and offer 4 million shares, representing 20% of the company's shares in the Nomu market.

Al-Shuhaili for Metal Industries

According to the issued statement, the company will offer 500,000 shares, representing 20% of its total shares in the parallel market.

International Union for Trade

The company is scheduled to offer 247,000 of its shares, representing 13% of its total shares in the parallel market.

Al-Itmaam Consultancy

The company will register its shares and offer 3 million shares, representing 14.29% of its total shares in the parallel market.

The Saudi Capital Market Authority indicated that the offering will be limited to categories of qualified investors specified in its glossary of terms used in its regulations and rules, and that prospectuses for all four companies will be made available prior to the start of the offering.