Transforming the listing experience from a complex challenge into an organized and successful journey that reflects your company's strength and credibility.
A journey that requires careful preparation and clear steps to ensure the success of the offering. From governance to underwriting management, we accompany you at every step of your listing journey.
Listing Management Journey
1
Governance & Structure
Organizing management structure, activating boards and committees, and formulating internal policies to ensure transparency and build investor confidence.
2
External Auditor
Thoroughly examining financial statements to confirm their authenticity and credibility according to the highest accounting standards.
3
Financial Adviser
Preparing all financial documents and the prospectus, and providing strategic recommendations to ensure the attraction of investors.
4
Underwriting Manager
Managing the actual offering process, from share distribution to investor coordination, to ensure a smooth listing according to the plan.
Listing Requirements Comparison
Multiple options exist for listing companies on the Saudi Stock Exchange depending on corporate scale and compliance maturity. We compare the Main Market (TASI) vs Parallel Market (Nomu):
Requirement
Main Market (TASI)
Parallel Market (Nomu)
Minimum Market Capitalization
SAR 300 Million
SAR 10 Million
Minimum Public Shares
At least 30%
At least 20%
Minimum Public Shareholders
At least 200
At least 50
Operational History
At least 3 Years
At least 1 Year
Profitability Requirements
Positive operating net income required
No current profit requirement
How to Qualify and List (Methodology)
1
Initial IPO Readiness Assessment
Evaluate financial and operational status to identify compliance gaps ahead of submission.
2
Governance Framework & Committees
Build robust governance charters, board structures, and audit/nomination committees.
3
Financial Modeling & Projections
Create rigorous financial models, 5-year plans, and projected business valuations.
4
Prospectus Drafting & Submission
Compile the IPO prospectus with the financial advisor and submit it to the CMA for approval.
Your Partner in Success
From start to finish, we transform your listing experience into an organized and successful journey that reflects your company's strength and opens the door to sustainable growth.
Nomu listing requires a minimum market capitalization of SAR 10 million, at least 20% public shareholding, and essential corporate governance compliance.
The preparation and approval process from the Capital Market Authority (CMA) typically takes 6 to 12 months, depending on organizational and financial maturity.