In a significant strategic move reflecting its expansion aspirations, Networkers Saudi Arabia Services announced the appointment of Business Sustainability Financial Company as its approved financial advisor. This appointment aims to manage and facilitate Networkers' transition to Tadawul , the main stock exchange in Saudi Arabia, following its successful listing on the parallel market (Nomu). This step represents a major milestone for the company as it seeks to strengthen its financial position and broaden its investor base.
Details of NetWorkers' move to TASI
According to the official statement published by the company on the Saudi Stock Exchange (Tadawul) website, the executive management will work closely with the new financial advisor to ensure compliance with all regulatory requirements and legal procedures. These efforts are in line with the listing rules adopted by the Saudi Stock Exchange. The company's board of directors announced on September 28, 2025, its decision to approve the plan to transition from the Parallel Market (Nomu) to the Main Market (TASI), emphasizing that this decision is subject to final approval by the Saudi Capital Market Authority and is contingent upon fulfilling all related requirements. The company also committed to promptly and transparently announcing any material developments related to this matter.
Historical context of the development of the parallel market (growth)
To understand the significance of this step, it's essential to consider the broader context of establishing the parallel market in the Kingdom. The Saudi Stock Exchange (Tadawul) launched Nomu in 2017 as an alternative platform with more flexible listing requirements compared to the main market. The strategic objective was to provide an opportunity for companies, particularly small and medium-sized enterprises (SMEs), to raise capital and enhance their governance within a supportive regulatory environment. Over time, numerous companies have demonstrated their efficiency and consistent growth within Nomu, qualifying them for inclusion on the main market. This mechanism is part of ongoing efforts to deepen and enhance the efficiency of the Saudi financial market, making the transition of successful companies a natural progression that reflects their institutional and financial maturity.
Expected impact and economic importance of the event
The transfer of companies from the parallel market to the main market carries significant economic implications at the local, regional, and international levels. Locally, this move enhances the liquidity of the company's shares and provides broader investment opportunities for individual and institutional traders. Regionally and internationally, listing on the Saudi Stock Exchange (Tadawul) places the company on the radar of qualified foreign investors and global financial institutions that track emerging market indices. Furthermore, this development reflects the success of the Financial Sector Development Program, one of the executive programs of Saudi Vision 2030, which aims to build an advanced financial market that attracts both local and foreign investment. Consequently, the success of this step will bolster investor confidence in the strength of the Saudi economy and the ability of its companies to expand and achieve sustainable growth.
