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Mon Jul 18, 2022 14:52:42

Saudi Exchange Celebrates the listing of the Academy of Learning Co. on Nomu – Parallel Market

Riyadh, 18 July 2022: Today, the Saudi Exchange celebrated the listing of the Academy of Learning, a vocational training company, on the Saudi Exchange’s Nomu – Parallel Market. The ceremony was attended by Mr. Mohammed Al Rumaih, CEO of Saudi Exchange and Mr. Khalid Al Ammar, Chairman of the Academy of Learning Co.

Speaking on the occasion, Mohammed Al Rumaih, CEO of Saudi Exchange said, “The listing of the Academy of Learning is another successful milestone for the Saudi Exchange’s Nomu – Parallel Market. With today’s ceremony, we continue the strong pipeline of activity in the Saudi capital market and are pleased to present further diversified options for local and international investors, placing us firmly as one of the leading stock exchanges in the region and globally. As we move into the second half of the year, I am excited to see the strong performance continue as we bolster the Saudi capital market’s position on the world’s map. I would like to congratulate the company’s management on this new chapter and look forward to following their progress as a listed company.”

“Under Vision 2030, the Academy of Learning aims to empower the next generation of the Saudi workforce by equipping them with the skills and knowledge required to excel in their careers. Today’s listing is crucial to our growth as we seek to grow our abilities and support the future leaders of Saudi Arabia. We would like to thank the Capital Market Authority and Saudi Exchange for their support, and we look forward to our next phase of growth,” said Khalid Al Ammar, Chairman of the Academy of Learning.

Nomu – Parallel Market acts as an alternative platform for companies seeking to expand and go public. Nomu aims to provide an opportunity for small and medium-sized companies to diversify their sources of funding and develop their businesses and activities by offering lighter listing requirements in terms of market capitalization, number of shares offered and minimum number of shareholders. Nomu is open only to qualified investors.

The Academy of Learning is a vocational training company that qualifies students to enter the job market through a series of certifications, training, and accredited diplomas. The company has 12 educational institutes across Dammam, Al Khobar, Al Ahsa, Al Jubail, and Qatif.

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