“Al-Naqul” appoints “Business Sustainability Financial” as a financial advisor to move to “TASI”

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Muhammad Hassan Al-Naqul Sons Company announced the approval of its Board of Directors yesterday, Saturday, to appoint Estidama Financial Business Company as a financial advisor for the purpose of moving the company from the parallel market “Nomu” to the main market “TASI”.

The company explained in a statement on Saudi Tadawul on Sunday that the company will work with the financial advisor to fulfill all regulatory requirements and procedures necessary for the transition, in accordance with what is stipulated in the listing rules.

She confirmed that the move to the main market is subject to market approval, and is conditional on fulfilling all requirements stipulated in the listing rules, indicating that she will announce any fundamental developments in this regard in due course.