The Saudi Exchange Launches SPACs Listing on Nomu – Parallel Market

The Saudi Exchange announces the launch of listing of Special Purpose Acquisition Companies (“SPACs”) on Nomu – Parallel Market, offering fast-growing businesses and SMEs an alternative route to market, unlocking capital access and creating new opportunities for investors.
A Special Purpose Acquisition Company (“SPAC”) is a company created to raise capital through an Initial Public Offering (IPO) with the purpose of acquiring or merging with an existing unlisted company. This provides an alternative route to the market, which can facilitate faster access to capital, and is a structure well-suited to high-growth and innovative businesses seeking to scale rapidly. In accordance with the regulatory framework, SPACs are required to complete an acquisition or a merger within a 24-month period from the date of listing, which may be extended to 36 months subject to the approval of the Capital Market Authority (CMA). Throughout this period, the shares of the SPAC will be actively traded on the market, providing liquidity and enabling continuous investor participation.
This launch is part of the Saudi Exchange’s strategy to diversify its offering of listing products and investment opportunities. Through this track, the Saudi Exchange aims to expand the investor base in Nomu – Parallel Market, attract new categories of issuers and strengthen the ability of the Saudi capital market to offer leading and innovative products and services.
For more information on SPACs, please visit [Link].