Saudi Tadawul Group in talks with venture capitalists, tech firms to list on Nomu: report

Nomu trading screen

Saudi Tadawul Group is in talks with venture capitalists and technology companies to list their shares on Nomu Parallel Market, Bloomberg reported, citing unnamed sources with knowledge of the matter.

It also aims to encourage tech firms to raise funds in Nomu instead of doing private funding rounds, the sources said. 

Saudi Tadawul Group also told some startups that it can help with regulatory waivers or facilitate the registration process, the sources added.