Riyadh – Mubasher: The Saudi Exchange (Tadawul) has approved for Development Works Food Company to transfer its shares to the Main Market from the Parallel Market (Nomu), according to a bourse statement on Wednesday.

Development Works Food will move from Nomu with a capital standing at SAR 30 million distributed over 3 million shares.

Trading on the company’s stock will be halted for a period not exceeding five trading sessions as of 18 November.

Tadawul will announce the start date of listing Development Works Food’s stock on the Main Market once all procedures are completed.

Last September, the company submitted its request to move from Nomu.