The Parallel Market Listing Rules do not require the dependency of the financial advisor of the issuer.

There is nothing to prevent that. However, it is worth to mention that the Authority may, at all times, require the issuer to appoint a financial advisor, a legal advisor, or any other advisor to advise the issuer on the application of the provisions of the Parallel Market Listing Rules, the Capital Market Law or implementing its regulations.

The expected aggregate market value ,at the day of listing, of shares to be listed in the Parallel Market-Nomu must be at least 10 million Saudi Riyals. There is no upper limit to which

Currently, there is no fee imposed to companies willing to register and list its shares in the Parallel Market-Nomu for services provided by the Authority related to application for registration of shares, review/ study of application for registration and registration of shares in 2017. However, the Authority is currently studying the application of a fee in early 2018.

The Authority will review the prospectus or shareholders' Circular (as applicable) within (30) days of receiving all information and documentation required by the Parallel Market Listing Rules.

Yes. The issuer's financial advisor, before obtaining the Authority's approval on the prospectus or shareholders' circular (as applicable), may present information on the issuer and its financial statements to a group of Qualified Investors without mentioning the issuer's name, to know to what extent Qualified Investors wish to participate in the subscription for the issuer's shares once offered.

Yes, the Parallel Market Listing Rules imposes less requirements for registration and admission to listing in the Parallel Market-Nomu compared to the requirements imposed in the Listing Rules for registration and admission to listing in the Main Market. Where the key differences between the requirements for registration and admission to listing in the Parallel Market-Nomu and the Main Market revolve around the documents that should be submitted to the Authority, number of years during which the issuer must be carrying on a main activity, either by itself or through one or more of its subsidiaries, when applying for registration and admission to listing, the minimum expected aggregate market value of all shares to be listed, public ownership and number of public shareholders, categories of investors eligible to invest in the market, and continuous obligations on the issuer.

Yes, the issuer whose shares are listed in the Parallel Market-Nomu shall comply with the provisions of part 8 (continuous obligations) of the Listing Rules as per article (28) of the Parallel Market Listing Rules.

The Issuer must provide the Authority and announce to shareholders its interim financial statements or the consolidated interim financial statements (as applicable) as soon as they have been approved and within a maximum of forty five days of the end of the financial period covered by these statements. The Issuer must provide the Authority with annual financial statements and announce them to the shareholders as soon as they have been approved and within a maximum of three months of the end of the financial period covered by these statements. Also, the issuer must provide the Authority and announce to shareholders these annual statements not less than 15 calendar days before the date of convening the issuer's annual General Assembly.

The lock-up period in the Parallel Market-Nomu for any person specified in the prospectus as owning shares in the issuer is twelve months. They may dispose these shares at the end of the twelve month period.

It is not required to obtain the Authority's approval at the end of the lock-up period.

Companies listed in the Parallel Market-Nomu are not required to comply with Corporate Governance Regulations; given that Corporate Governance Regulations are indicative to all issuers in the Parallel Market-Nomu. However, this does not prejudice the obligations of the companies listed in the Parallel Market-Nomu according to the provisions of the Companies Law which is set forth in the Corporate Governance Regulations.

Yes, in compliance with the Companies Law and the provisions of article (43) of the Listing Rules. However, the information required by the Authority's regulations to be included in the Board of Directors report are indicative to issuers whose shares are listed in the Parallel Market-Nomu.

Yes.

No, the instructions of Book Building process and allocation method in IPOs are not applicable to offering made in accordance to the Parallel Market Listing Rules.