The Small & Medium Enterprises General Authority (Monsha’at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported.
The program relies on initial criteria for accepting small and medium-sized enterprises (SMEs) during the registration phase. First, SMEs are required to record at least 20% growth in revenues or the number of employees over the past three years, followed by providing nine services, including entry into the parallel market.
Among the services provided for enterprises to list on Nomu is the coverage of 50% of financial advisor costs, up to a maximum of SAR 800,000 per enterprise.
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