parallel market

Latest news and articles about parallel market from NEX English

Saudi Financial Market Authority Approves New Regulatory Framework for SPACs

The Saudi Financial Market Authority (CMA) has announced a new regulatory framework that allows Special Purpose Acquisition Companies (SPACs) to be listed on the parallel market (Nomu). This initiative aims to diversify investment products and enhance market liquidity.

Saudi Exchange Approves Regulatory Framework for SPACs

Saudi Exchange has approved the regulatory framework for Special Purpose Acquisition Companies (SPACs) in the parallel market 'NOMU', enhancing investment opportunities and market competitiveness. The new amendments aim to diversify investment products and stimulate listings in the market.