Riyadh – Mubasher: Mohammed Hadi Al Rasheed & Partners Company has announced a significant procedural step in its planned transition to the Main Market of the Saudi Exchange (Tadawul) from the Parallel Market (Nomu), according to a bourse disclosure.

The company confirmed the publication of its board of directors’ report for the fiscal year 2025, a mandatory requirement for entities seeking to upgrade their listing status within the Saudi capital market ecosystem.

This development follows the initial board approval for the transfer, which was formally disclosed to Tadawul on 11 January 2026.

The report has been prepared in strict accordance with the Corporate Governance Regulations issued by the Capital Market Authority (CMA). These regulations stipulate the specific transparency and disclosure standards that a company must satisfy to qualify for a listing on the Main Market.

By releasing this comprehensive document, the company aims to demonstrate its compliance with the heightened oversight and reporting obligations required of TASI-listed firms.

The company further noted that there have been no changes to the costs associated with the transition event, suggesting that the administrative and legal expenses related to the move remain in line with previous projections.

The decision to migrate from Nomu to the Main Market is a strategic move often undertaken by companies looking to enhance share liquidity and attract a broader base of institutional and international investors.

While Nomu serves as an entry point for growth-stage companies with more flexible listing requirements, the Main Market is the premier tier of Tadawul, demanding more rigorous financial reporting and a more robust corporate governance framework.

With the board’s report now public, the next phases typically involve the formal submission of the transfer application to Tadawul and the subsequent review by the CMA.

Market participants will continue to monitor the company’s progress as it moves toward finalizing its status on the Main Market, a transition that is expected to provide the firm with greater visibility and access to capital in the long term.

Al Rasheed first joined Tadawul on Nomu two years ago, specifically on 23 May 2024.