Tadawul approves Armah Sports, Ladun Investment’s transition to TASI

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The Saudi Exchange approved today, Aug. 9 the requests submitted by Armah Sports Co. and Ladun Investment Co. to transfer from the Nomu–Parallel Market to the Main Market (TASI).

In two separate statements, Tadawul said trading in the two companies’ shares will continue on Nomu until the end of the transition document publication period.

Accordingly, each issuer must publish its transition document within three trading sessions following the announcement of Tadawul’s approval of the transition request. The transition document will be available for public review on the websites of the issuer, Tadawul, and the financial advisor for 10 trading sessions.

The exchange added that trading in the issuer’s shares will be suspended starting from the day following the end of the transition document publication period for no more than five trading sessions to complete the transfer procedures.

Tadawul noted that it will announce the suspension date and the start of trading of the two companies’ shares on TASI once the procedures are completed.

According to Argaam data, Armah Sports’ board approved the company’s transfer from Nomu to TASI in June 2025.

The company’s shares were listed and began trading on Nomu in November 2023. Its current capital stands at SAR 328.59 million, with a nominal value of SAR 10 per share.

Ladun was listed on Nomu in June 2022. Its share capital stands at SAR 500 million, divided into 500 million shares, with a nominal value of SAR 1 apiece.

The company’s board had previously approved its transfer to TASI in October 2023.

Ladun had submitted an application in December 2024 to transfer from Nomu to TASI, but withdrew the application later that month due to some transfer requirements not having been completed.