In a strategic move reflecting the growth of the industrial sector in the Kingdom of Saudi Arabia, Industrial Means Company announced that Saudi Stock Exchange (Tadawul) has approved its request to move from the parallel market (Nomu) to the main market (TASI), effective December 31, 2025. This decision comes as a culmination of the company's journey in developing its business and adhering to the disclosure and governance standards required in the main market.
Transfer details and capital
According to the announcement, the company is scheduled to be listed and begin trading its shares on the main market with a capital of SAR 250 million, divided into 250 million shares. The company had previously submitted its application for listing to the Capital Market Authority on December 15, 2025, through the designated automated system, fulfilling all the regulatory requirements and conditions stipulated by the authorities to ensure the integrity and fairness of transactions.
The importance of moving to the main market (TASI)
The move from the parallel market (Nomu) to the main market (TASI) is a pivotal milestone in the history of listed companies. This transition grants the company access to a broader investor base, including major investment funds and qualified foreign investors, thereby enhancing stock liquidity and bolstering the company's market capitalization. This move also reflects the company's strong financial position and its ability to meet increasingly stringent requirements regarding transparency and corporate governance.
The context of the industrial sector and Vision 2030
This move aligns with the objectives of Saudi Vision 2030, specifically the Financial Sector Development Program, which aims to cultivate an advanced financial market. "Industrial Means" is a key player in the industrial sector, with its products (such as irrigation systems and plastic pipes) contributing to infrastructure and agricultural projects in the Kingdom. The presence of strong industrial companies on the main market enhances the diversification of the national economy and reduces reliance on oil, giving this listing an economic dimension that extends beyond mere financial trading.
Transfer document
As part of its commitment to transparency, the company has published a transition document containing all the essential details and information relevant to shareholders and potential investors. Those interested can view the full transition document via this link .
