Nafoudh Food Products Company announced that the Saudi Stock Exchange (Tadawul) has officially approved the company's request to move from the parallel market (Nomu) to the main market (TASI), effective December 31, 2025. This step is a pivotal moment in the company's journey, as the company is scheduled to be listed and its shares will begin trading on the main market with a capital of SAR 96 million, divided into 96 million shares.
The company had previously submitted its application to the Capital Market Authority (CMA) to transfer to the main market, specifically on December 7, 2025, taking advantage of the approved mechanisms and automated systems established by the regulatory authorities to facilitate the transfer process for eligible companies. The company has published a detailed transfer document containing all essential information for shareholders and investors, which can be accessed via this link .
The importance of transitioning from “growth” to “TASI”
The transfer of companies from the Parallel Market (Nomu) to the Main Market (TASI) is a strong indicator of a company's maturity and its ability to meet the more stringent disclosure, transparency, and governance requirements imposed by the Main Market. The Parallel Market in Saudi Arabia serves as a vital launchpad, enabling companies to grow and develop, eventually qualifying them to join the ranks of major companies on the Main Market. This, in turn, enhances investor confidence in the operational and financial performance of the transferring company.
The implications of this move for the company and the market
This move is expected to broaden the shareholder base of “Nafouth Food Products,” as the main market offers higher liquidity and more active trading compared to the parallel market. This listing also opens the door to new investor categories, including major investment funds and foreign investors who often focus on companies listed on the main index. Furthermore, this move enhances the company’s market position and supports its future expansion plans by facilitating access to financing and capital increases when needed.
Economic context and Vision 2030
This event comes within the context of the significant economic activity underway in the Kingdom as part of the Financial Sector Development Program, one of the programs under Vision 2030. These programs aim to deepen the Saudi financial market and transform it into an advanced market that attracts both local and international investments. The food sector, to which Nafouth belongs, is a vital sector that the Kingdom is focusing on to achieve food security and diversify its sources of income, thus giving strategic importance to strengthening the presence of companies in this sector on the main financial market.
