Abo Moati’s board approves transition from Nomu to main market

07/10/2019 Argaam

 

Abdulla Saad Abo Moati For Bookstore Co.’s (Abo Moati) board of directors approved the company’s transition from Nomu Parallel Market to Saudi Stock Exchange (Tadawul), the company said in a bourse filing.

 

The market transition is subject to regulatory approvals, the statement added.

 

The market listing regulations, issued yesterday by the Capital Market Authority (CMA) comprised the provisions pertaining to the companies’ transition from the Parallel Market to the Main Market.

 

Read: A look at CMA’s mechanism of transferring Nomu listing to main market

 

Abo Moati, which deals in import, export, wholesale and retail stationary among others, has a capital of SAR 160 million. 

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