Frequently Asked Questions

• WHAT IS NOMUc?

  The Parallel Market Capped Index (NOMUc) is an index specifically for the Nomu Parallel Market.

• WHAT ARE THE NOMU - PARALLEL MARKET'S MAIN CHARACTERISTICS?

  • Market with lighter requirements.
  • Restricted to Qualified Investors.

• WHO CAN INVEST IN THE NOMU - PARALLEL MARKET?

  Given that Nomu – Parallel Market is restricted to Qualified Investors, Authorized Persons (APs) must determine who is eligible. Qualified Investors are defined as per the below criteria:

   

  • Authorized Persons act for their own account.
  • Clients of an Authorized Person who conduct managing activities provided that this Authorized Person has been appointed as an investment manager on terms which enable making decisions concerning the acceptance of an offer and investment in Nomu - Parallel Market on the client’s behalf without obtaining prior approval from the client.
  • The Government of the Kingdom, any government body, any global/international authority recognized by the CMA or the Exchange, and any other stock exchange recognized by the CMA or the Securities Depository Center Company (“Edaa”).
  • Government-owned companies either directly or through a portfolio managed by a person authorized to carry out managing activities
  • Companies and funds established in a member state of the Cooperation Council for the Arab States of the Gulf.
  • Investment Funds.
  • Non-resident foreigners permitted to invest in the Parallel Market and who meet the requirements stipulated in the Guidance Note for the investment of Non-Resident Foreigners in the Parallel Market.
  • Qualified foreign financial institutions.
  • Legal persons allowed to open an investment account in the Kingdom and an account at the Securities Depository Center Company (“Edaa”).
  • Natural persons allowed to open an investment account in the Kingdom and an account at the Securities Depository Center Company (“Edaa”), and fulfil any of the following criteria:
  • Has conducted transactions in capital markets of not less than SAR 40 million in total and not less than ten transactions in each quarter during the last twelve months.
  • Holds net assets not less than SAR 5 million.
  • Works or has worked for at least three years in the financial sector.
  • Holds the General Securities Qualification Certificate "CME-1", which is recognized by the CMA
  • Holds a professional certificate that is related to dealing with securities and accredited by an internationally recognized entity.
  • Any other persons prescribed by the CMA.

• IS NOMU- PARALLEL MARKET DEDICATED FOR SMES?

  Nomu - Parallel Market will open new investment opportunities to all types of companies – including SMEs - which play a key role in leveraging the national economy and accelerating development.

• WHAT IS THE NOMU - PARALLEL MARKET?

  Nomu is a parallel equity market with lighter listing requirements that serves as an alternative platform for companies to go public. The investment in this market is restricted to Qualified Investors.