Amendments for qualified investors in Nomu: The Capital Market Authority (CMA) is seeking public feedback on proposed amendments to investor eligibility criteria for Tadawul’s parallel market, Nomu, it said in a statement. The full draft is available for consultation on Istitlaa until Monday, 28 April. You can review ithere (pdf).

What’s changing: Minimum entry threshold for individual investors will be reduced to SAR 30 mn in total annual transactions, down from SAR 40 mn, eliminating the requirement to complete at least 10 transactions per quarter.

The proposal also expands qualified investor status to include board members and members of special committees in Nomu-listed companies, granting them access to key market activities such as subscribing to shares, amending subscriptions, and accessing prospectuses and disclosures.

The rationale: The amendments seek to broaden market participation and strengthen the regulatory framework, with the changes “expected to have a positive impact on the market,” the statement read.

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