Listing on the Parallel Market: A Strategic Step in Saudi Arabia’s Real Estate Development Sector The real estate development sector in the Kingdom of Saudi Arabia is undergoing significant transformations under Vision 2030, which aims to boost investments and create an economic environment that supports sustainable growth. One of the most important shifts is the move toward listing on the Parallel Market (Nomu), as many real estate development companies aim to expand their investor base and attract new capital to support their expansion plans.
Listing on the Parallel Market
is a step that reflects the maturity of the Saudi real estate market and its capacity to accommodate more institutional and individual investments. It contributes to increasing transparency and strengthening governance standards within the sector. The Importance and Impact of Parallel Market Listing on Real Estate Development Companies The Nomu Parallel Market is a strategic option for real estate development companies seeking sustainable growth without the full compliance requirements of the main financial market, making it an ideal environment for companies with strong financial and administrative performance records.
Listing offers companies an opportunity to access additional financing, helping them expand projects and increase competitiveness. It also provides greater liquidity through more flexible stock trading. Moreover, being listed enhances trust and transparency, as companies are required to publish regular financial reports and updates, making them more attractive to individual and institutional investors.
Listing also opens the door for real estate development companies to diversify their funding sources not relying solely on bank loans or private investments, but also leveraging the Nomu market as a platform to attract new capital to support future projects.
Why Are Real Estate Development Companies Heading to the Parallel Market?
The Nomu market is an ideal option for Riyadh-based real estate developers aiming to expand without being bound by the stricter requirements of the main market. Key benefits of listing include:
• Access to new funding sources to support expansion projects • Increased liquidity through flexible share trading • Enhanced reputation and investor/client trust • Attraction of institutional and strategic investors who can support long-term growth
The Listing of Asas Makeen in the Parallel Market:
A New Growth Milestone Asas Makeen Real Estate Development Company has received approval from the Capital Market Authority to offer 10% of its shares on the Nomu Parallel Market a move that reflects the company’s maturity and readiness for a new phase of expansion and growth.
Founded with an ambitious vision to lead the real estate development sector, Asas Makeen focuses on building high-quality residential and commercial projects that meet the growing demand in the Kingdom.
Listing the company’s shares on Nomu offers a valuable opportunity for investors seeking businesses with strong financial foundations and clear future plans. This offering is expected to enhance Makeen’s ability to finance new projects and expand into new segments within the Saudi real estate market, as well as attract strategic partners and institutional investors to support its future growth. Additionally, the listing reinforces the company’s compliance with stricter regulatory governance standards, requiring periodic financial disclosures and the adoption of more transparent financial and administrative policies.
This will enhance the company’s credibility among investors, clients, and business partners granting it a strong competitive edge in the market.
In Conclusion: What Does This Listing Mean? The listing of Asas Makeen on the Parallel Market is a strategic step that demonstrates the company’s strength and ability to excel in the real estate development sector. It provides investors with the opportunity to be part of the company’s future growth journey, supported by a promising investment environment that encourages innovation and the development of modern real estate projects aligned with Saudi Arabia’s Vision 2030 goals.
