Tadawul approves Nofoth transfer to TASI

Logo of Nofoth Food Products Co.

The Saudi Exchange (Tadawul) approved today, Dec. 31 a request from Nofoth Food Products Co. to transfer from the Nomu-Parallel Market to the Main Market (TASI).

In a statement, Tadawul said trading in the company’s shares will continue on Nomu until the end of the transfer document publication period. Nofoth must publish the transfer document within three trading sessions following Tadawul’s approval.

The transfer document will be available for public review on the websites of Nofoth, Tadawul, and the company’s financial advisor for 10 trading sessions.

Tadawul said trading in Nofoth shares will be suspended starting the day after the transfer document publication period ends, for up to five trading sessions, to allow the transfer procedures to begin.

The exchange will announce the suspension date and TASI listing date once all procedures are completed.

Nofoth’s shares were first listed on Nomu in January 2023. The company’s current capital is SAR 96 million, with a nominal value of SAR 1 per share.