Saudi Arabia's Capital Market Authority has opened a public consultation on draft amendments to develop investor categories permitted to trade and invest in the Parallel Market, Nomu, with a focus on easing eligibility criteria. Key proposals include revising the definition of a "Qualified Investor in the Parallel Market" so it refers exclusively to the categories eligible to invest in Nomu, and relaxing entry criteria for individual investors. Under the draft, individuals would need to have completed transactions totaling SAR 30 million over the past 12 months, with the removal of the requirement to execute at least ten transactions per quarter, compared with a prior threshold of SAR 40 million and a transaction-count condition. The amendments would also classify board members and board committee members of companies listed on Nomu as qualified investors allowed to invest in the Parallel Market. The consultation runs for 30 calendar days and closes on 28 April 2025, after which the Capital Market Authority will consider feedback before finalising the amendments.
Saudi Arabia Capital Markets Authority 2025-03-25
Saudi Arabia's Capital Market Authority consults on easing qualified investor criteria and revising investor categories for Parallel Market Nomu
Saudi Arabia's Capital Market Authority is consulting on draft amendments to redefine investor categories for the Parallel Market, Nomu, aiming to ease eligibility criteria. Proposed changes include revising the "Qualified Investor" definition, lowering the transaction threshold for individuals from SAR 40 million to SAR 30 million annually, and removing the quarterly transaction requirement. Board and committee members of Nomu-listed companies would also be classified as qualified investors.