Armah board OKs transition to TASI

Logo of Armah Sports Co.

Armah Sports Co.’s board of directors approved, on June 14, the company’s transition from the Nomu-Parallel Market to the Main Market (TASI).

 

BSF Capital was hired as financial advisor based on the updated listing requirements, the company said in a statement to Tadawul.

 

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The transition is subject to the company’s fulfillment of all requirements stipulated in the listing rules.

 

In November 2023, Armah offered its shares to the public and started trading on Nomu on Nov. 30.

 

The company's capital stands at SAR 328.6 million, divided into 32.86 million shares at a par value of SAR 10 each.

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