Saudi MIS’ unit hires financial advisor to list on NomuC

Edarat is a 50%-owned subsidiary Al Moammar Information Systems

  
Saudi traders monitor stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020.

Saudi traders monitor stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020.

REUTERS/Ahmed Yosri
Riyadh –  Al Moammar Information Systems (MIS) announced that Edarat Company for Communication and Information Technology appointed FALCOM Financial Services as a financial advisor to start direct registration and listing on the parallel market.

This announcement has no material impact at the present time, MIS said in a bourse disclosure on Tuesday, adding that it will provide any relevant developments in a timely manner.

Edarat is a 50%-owned subsidiary of MIS.

On 11 October 2020, the board of Edarat began taking necessary procedures to list the firm on the Nomu-Parallel Market Capped Index (NomuC).

Source: Mubasher

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