Riyadh — Mubasher: The board of Tam Development Company approved the transition from the Nomu-Parallel Market to the Saudi Main Market during a meeting held on 30 August 2026.

The decision aligns with the updated listing rules issued under the Capital Market Authority (CMA) board resolution 2-135-2025 dated 24 November 2025.

In conjunction with the approval, the board has appointed Estidamah Capital as the financial advisor to manage the transition process.

The move to the Main Market remains subject to the approval of the Saudi Tadawul and is conditional upon meeting all requirements stipulated in the listing rules.

Tam Development stated that further updates regarding the transition will be disclosed as they occur. Meanwhile, the board’s resolution marks the formal commencement of the regulatory application process for the listing upgrade.