Saudi Arabia’s Nomu-Parallel Market will be open for all categories of foreign investors in the future, said Mohammed El-Kuwaiz, vice chairman of the Saudi market regulator, the Capital Market Authority (CMA).
The market authorities are currently working to ready a timeline to achieve this by Q2-2017, he added.
Unlike Nomu, the Saudi Stock Exchange (Tadawul) is only open to Qualified Foreign Investors (QFIs).
The launch of Nomu will help diversify investments and finance a new type of companies and projects, El-Kuwaiz said.
The number of companies that debuted today on Nomu is equal or even higher than when other parallel markets were launched markets worldwide, he added.
Trading began in Nomu-Parallel Market today among the seven new listed companies.
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