United Mining board approves Main Market move, appoints advisor

Logo of United Mining Industries Co. (United Mining)

United Mining Industries Co.’s board approved on April 13 the company’s transition from the Nomu-Parallel Market to the Main Market (TASI), according to a statement to Tadawul.

 

The board also appointed AlKhair Capital as a financial advisor on the planned transition, the statement added.

 

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The move is still subject to the Saudi Exchange’s (Tadawul) approval, aligning with the listing rules and market requirements.

 

Any relevant updates will be duly revealed, the statement added.

 

United Mining’s shares were listed and began trading on Nomu in October 2023, data compiled with Argaam showed.

 

The company’s current capital stands at SAR 140 million, at a nominal value of SAR 10 per share.

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