National Building fulfils term for Tadawul transition

02/04/2023 Argaam

National Building fulfils term for Tadawul transition

Logo of National Building and Marketing Co. (NBM)

National Building and Marketing Co. (NBM) announced it has fulfilled one of the conditions required under the executive regulations related to moving to the Saudi Exchange's (Tadawul) main market, according to a statement to Tadawul today, April 2.

 

The company published the board report, which included all information required under the related implementing regulations and was prepared as per the Corporate Governance Regulations’ requirements, NBM said.

 

The company received, on June 2, 2022, an e-mail from Saudi Tadawul Group Holding (Tadawul Group), stating that its application for transitioning from Nomu-Parallel Market to Tadawul was “incomplete”.

 

This was the fourth time for NBM to apply for transitioning to Tadawul, according to Argaam's data.

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