Al-Rasheed board approves transition to TASI

11/01/2026 Argaam- Nomu
Al-Rasheed appoints Estidamah Capital as financial advisor

Al-Rasheed appoints Estidamah Capital as financial advisor

Mohammed Hadi Al-Rasheed & Partners Co. said its board of directors approved the company’s transition from Nomu-Parallel Market to the Main Market (TASI).

 

In a statement to Tadawul, the company said the board resolved to appoint Estidamah Capital as the financial advisor to manage the transition process, in accordance with the required rules and regulations.

 

The company noted that the transition to TASI is subject to the approval of the Saudi Exchange (Tadawul) and contingent upon meeting all requirements set out in the Listing Rules.

 

It added that it will announce any material developments in this regard in due course.

 

According to data available with Argaam, Al-Rasheed listed and began trading on Nomu on May 23, 2024. The company’s current capital stands at SAR 180 million, with a nominal value of SAR 10 per share.

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