Banan requests transition to Main Market

Banan Real Estate Co. announced that it submitted online a request to transition to the Main Market, on June 4, according to a statement to Tadawul.

Banan’s board of directors approved on July 4, 2023, a decision to move the company to the Main Market from Nomu-Parallel Market, based on the requirements of the updated and amended listing rules, Argaam reported.

Banan, which has SAR 200 million in capital, started trading as a direct listing on Nomu in August 2021.