Main Market
- Minimum market capitalisation
- USD 80m
- Minimum free float
- 30%
- Track record
- 3 years
- Profit required
- No
- Minimum shareholders
- 200
- Lock-up
- 6 months
Exchange comparisons
Tadawul or Nomu
Listing requirements of Tadawul and Nomu compared from the directory data. Check the primary sources before making decisions.
Data checked: 6 November 2026
Key facts
| Saudi Exchange - Main Market (Tadawul) | Nomu - Parallel Market | |
|---|---|---|
| Location | Riyadh, Saudi Arabia | Riyadh, Saudi Arabia |
| Regulator | Capital Market Authority (CMA) | Capital Market Authority (CMA) |
| Trading currency | SAR | SAR |
| Indicative timeline | Not specified | Not specified |
| Listing segments | 1 | 1 |
Segments side by side
Figures by segment from the exchange rulebooks. Not specified means the rule does not set the figure or it has not been verified yet.
Tadawul
Nomu
Parallel Market (Nomu)
- Minimum market capitalisation
- USD 13m
- Minimum free float
- 20%
- Track record
- 1 year
- Profit required
- No
- Minimum shareholders
- 50
- Lock-up
- 12 months
Saudi Exchange - Main Market (Tadawul)
Who each exchange suits
- Large and liquid regional market with deep local institutional and retail demand
- Suits profitable or established companies with a 3-year operating history and a Saudi or GCC investor story
- No formal profit test, only track record and disclosure requirements
What to check
- Relatively high float requirement of 30% at listing
- Financial statements must follow SOCPA-endorsed standards and Arabic is the official language of documentation
Nomu - Parallel Market
Who each exchange suits
- Lighter entry for SMEs and family businesses: 1 year of activity and 1 year of audited accounts
- No profit requirement
- Stepping stone to a later transfer to the Main Market
What to check
- Offerings and trading remain limited to qualified investors - no general retail access, so liquidity is lower
- Minimum IPO size raised to SAR 50m in Nov 2025
- 12-month lock-up for substantial shareholders
Requirements change. Always confirm with the exchange and the regulator before making decisions. Educational material. Not investment, legal or tax advice.
Other comparisons
Which of the two fits your company?
Eurasia Consulting Group compares exchanges on the numbers and structure of a specific company.
Information on this site is educational. It is not investment advice, an offer of securities or financial advice. Exchange requirements change; always check the primary sources. Full disclaimer