Riyadh – Mubasher: Watani Iron Steel Company has submitted an official application to the Saudi Exchange (Tadawul) to transition its shares from the Nomu-Parallel Market to the Main Market.

The company filed the request through the automated system designated by regulatory authorities on 15 July 2026, according to a bourse disclosure.

This submission follows a previous board of directors decision to approve the market transfer, which was originally disclosed on 30 August 2023. The move is part of the company's strategy to enhance its presence in the Saudi capital market and meet the requirements for listing on the primary exchange.

The transition remains subject to the approval of the Saudi Exchange and is contingent upon the completion of all regulatory procedures required by the Capital Market Authority (CMA).

Watani Iron and Steel stated that the application process aligns with the transition rules established for companies moving between the two markets.

Further updates regarding the status of the application will be disclosed as they become available.

The company recently formed its Audit Committee for the upcoming board of directors’ term that is scheduled to commence on 2 July 2026.