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The Council of the Capital Market Authority permitted opening the parallel marketplace for holders of bachelor’s levels in a variety of specializations associated to the sphere of securities to be certified traders within the parallel market – Nomu – as a part of the package deal of amendments and amenities that had been permitted for a variety of new requirements, and easing the requirements and necessities that have to be met by the investor to be eligible to enter the classification of certified traders who’re entitled to commerce and spend money on the parallel market.
The choice that was adopted goals to develop the investor base within the parallel market – Nomu – in a method that enhances liquidity, which is able to mirror positively available on the market.
In line with the choice that has since develop into efficient, graduates of bachelor’s levels within the specializations of finance, funding, accounting, and finance have develop into eligible to spend money on the parallel market – Nomu -, which implies the opportunity of new classes of traders becoming a member of the beforehand certified holders of grasp’s levels in finance, accounting, or any specialty associated to the sphere of securities, along with these holding skilled certificates, whether or not the fellowship of the Saudi Group for Licensed Public Accountants, or different skilled certificates permitted earlier.
The permitted amendments included easing the requirements imposed on particular person traders in the event that they needed to enter and spend money on the parallel market – Nomu -, because the investor should, in line with the permitted challenge, full offers price 20 million riyals within the monetary market on the whole through the previous (12) months, after the earlier situation required finishing a minimum of ten offers quarterly through the previous (12) months price 40 million riyals, which implies canceling the requirement for the variety of quarterly offers and making them over the course of the whole final 12 months and lowering their minimal to twenty million. Riyals, along with specifying the time period “certified investor within the parallel market” to be particular to the classes which can be entitled to take a position available in the market.
The challenge additionally permitted permitting anybody who works or has beforehand labored as a member of the board of administrators or a member of the specialised committees emanating from the board of administrators in corporations listed within the parallel market to take a position on this market.
On March 25, 2025, the Capital Market Authority revealed the challenge “Growing Investor Classes within the Parallel Market” on the unified digital platform for polling the opinions of the general public and authorities companies affiliated with the Nationwide Competitiveness Middle (survey platform) and the Authority’s web site.
To view the rules in line with this choice, you possibly can click on on:
Checklist of actual property funding funds
Guidelines for providing securities and persevering with obligations
Checklist of phrases used within the Capital Market Authority’s rules and guidelines
