Amna Assem

The board of directors of Saudi Marble Design Factory Company, which is listed on the parallel market of the Saudi Stock Exchange “Nomu”, has agreed to move to the main market “TASI”, according to its statement sent to the stock exchange on Tuesday.

Nomu is a parallel market that allows small and medium-sized companies to offer and list their shares with fewer requirements than the main market. It also allows companies traded in it to move to the main market after two years after complying with the conditions of this market, with the exception of market value.

The Nomu market officially began in February 2017, at which time only initial public offerings were allowed, and then direct listings were officially allowed in February 2019.

According to the statement, the company decided to appoint Financial Business Sustainability Company as a financial advisor for the purpose of moving from the parallel market to the main market, as the move is subject to market approval and conditional on the company meeting all requirements.

A brief overview of the company

(According to official data)

- The company was founded in 2007 and operates in the production of marble for facades and floors through its factory in Riyadh.

- Listed on Nomu since August 2023 following an initial public offering.

- It recorded a growth of 64% in net profit attributable to shareholders for the year 2025, recording 10.6 million riyals ($2.8 million). This growth came as a result of a decrease in the cost of sales despite a decline in annual revenues by 7%.

(Prepared by: Omnia Assem, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com)

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