Saudi Exchange Approves Raoom Trading Co.’s Transition to Main Market

The Saudi Exchange has announced its resolution dated January 6, 2025, approving Raoom Trading Co.’s request to transfer its shares from the Nomu – Parallel Market to the Main Market. The company has a capital of SAR 62.5 million, represented by 6.25 million shares.

Raoom Trading Co.’s shares will continue to trade on the Nomu – Parallel Market until the transfer document is published. As per regulations, the company must publish the transfer document within three trading sessions following the Saudi Exchange’s approval. The document will be accessible on the websites of the issuer, the Saudi Exchange, and the financial advisor for ten trading sessions.

Following the publication period, trading of Raoom Trading Co.’s shares will be suspended for up to five trading sessions to finalize the transfer procedures. The Saudi Exchange will announce the suspension and provide the listing date for the Main Market once all processes are completed.

Investors are encouraged to review the disclosed information and the details provided in the transfer document. If the document’s content is unclear, consulting a licensed financial advisor is advised before making any investment decisions.

The Saudi Exchange emphasized that its approval of the transfer request reflects compliance with the Listing Rules and does not constitute an investment recommendation.