RIYADH: Saudi Arabia’s stock exchange has proposed a set of rule changes aimed at broadening investor access to its Parallel Market, in a move that could further stimulate listings and deepen capital market activity.
The Saudi Exchange Co., also known as Tadawul, published draft amendments to its exchange rules for public consultation, inviting feedback until Aug. 19, according to a statement.
The proposed reforms target the definition of “qualified investors,” loosen listing requirements for the Parallel Market, known as Nomu, and align existing regulations with updates under the new Companies Law.
The move is part of the exchange’s broader strategy to diversify funding channels and boost private sector participation in equity markets, in line with the country’s Vision 2030 economic transformation plan.
In a statement, Tadawul stated: “The amendments also include changes to the market value requirement for publicly held shares and the expected aggregate market value requirement as of the listing date for all shares to be listed on the Parallel Market.”
