Edarat appoints Al Rajhi Capital as new financial advisor for TASI transition

Logo of Edarat Communication and Information Technology Co.

Edarat Communication and Information Technology Co. announced the replacement of its previous financial advisor with Al Rajhi Capital for its planned transition to the Main Market (TASI).
 

The move came in accordance with the updated and amended listing rules issued by the Capital Market Authority, according to a Tadawul statement.

 

The company added that the step remains subject to approval from the Saudi Exchange (Tadawul) and the fulfillment of all relevant listing requirements.

 

Any further developments will be announced in due course, it noted.

 

According to Argaam data, Edarat’s board approved in April 2024 the company’s planned move from the Nomu-Parallel Market to TASI.

 

In August 2024, Edarat appointed Yaqeen Capital as financial advisor to manage the potential market transition.

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