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Companies moving from Nomu to main market record higher performance, Arab Sea tops with 500% surge
Tadawul trading screen
The Saudi Exchange (Tadawul) launched the Nomu - Parallel Market on Feb. 26, 2017.
Seven companies listed their shares on Nomu post-launch. Currently, Nomu includes 12 companies.
During this period, eight companies moved from Nomu to the main market, namely, Raydan Food Co., Baazeem Trading Co., Abdullah Saad Mohammed Abo Moati for Bookstores Co., Al-Omran Industrial Trading Co., Sadr Logistics Co. (previously Al-Samaani Factory for Metal Industries Co.), Arab Sea Information Systems Co., Al Kathiri Holding Co. and Thob Al Aseel Co.
In addition, Development Works Food Co. announced, on Sept. 22, that it filed a request for the transition from Nomu to the main market.
The eight firms that moved to the main market reported strong performance, led by Arab Sea shares surging more than 500%, according to data compiled by Argaam.
Al Kathiri followed with a 180% increase, Baazeem (141%), and Al-Omran tailed the list with around 43%.
|
Performance of Companies Moving From Nomu to Main Market (SAR) |
||||
|
Company |
Listing Price |
Last Closing Price (Nomu) |
Closing Price on Sept. 22 |
Change (%) |
|
Arab Sea |
11.00 |
25.55 |
156.80 |
514 |
|
Al Kathiri* |
31.00 |
29.16 |
81.70 |
180 |
|
Baazeem |
39.00 |
53.10 |
128.20 |
141 |
|
Abo Moati* |
12.00 |
21.80 |
50.00 |
129 |
|
Thob Al Aseel* |
42.50 |
42.00 |
87.10 |
107 |
|
Raydan |
32.00 |
14.23 |
27.55 |
94 |
|
Sadr (previously Al-Samaani)* |
35.05* |
247.00 |
436.40 |
77 |
|
Al-Omran |
28.00 |
80.40 |
115.20 |
43 |
*Amending Capital
|
Companies That Moved From Nomu To Main Market |
||
|
Company |
Date of Listing on Nomu |
Date of Transition to Main Market |
|
Al Kathiri |
July 9, 2017 |
Nov. 3, 2019 |
|
Thob Al Aseel |
June 15, 2017 |
Nov. 10, 2019 |
|
Abo Moati |
May 22, 2017 |
Nov. 11, 2019 |
|
Raydan |
Feb. 26, 2017 |
Nov. 21, 2019 |
|
Baazeem |
Feb. 26, 2017 |
Dec. 4, 2019 |
|
Arab Sea |
May 4, 2017 |
April 15, 2020 |
|
Al-Omran |
Feb. 26, 2017 |
July 21, 2020 |
|
Sadr (Previously Al-Samaani) |
Feb. 26, 2017 |
Dec. 10, 2020 |
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