RIYADH, Feb 20 (Reuters) - Saudi Arabia's stock exchange, the Tadawul, said on Monday it has received regulatory approvals to list seven companies on its new parallel market, Nomu, which is set to open on Feb 26.

The Nomu market is designed for small and medium sized enterprises, requiring a market value of at least 10 million riyals ($2.67 million), minimum shareholder size of 35-50 shareholders, and an offering of at least 20 percent.

($1 = 3.7498 riyals)

(Reporting by Katie Paul; Editing by Kim Coghil) ((Katie.Paul@thomsonreuters.com;))

Keywords: SAUDI LISTINGS/