On 30 August 2026, the shares of Armah Sports Company commenced trading on the Main Market of Saudi Exchange under symbol 6022, marking an important new stage in the company’s public-markets journey.
STAT’s Equity Capital Markets team had the privilege of advising Armah on its original IPO and listing on Nomu – Parallel Market in 2023. We are proud to have continued advising the company on its transfer from Nomu to the Main Market in 2026.

There is something particularly rewarding about working with a client from the beginning of its public-markets journey and remaining alongside it as the business develops, its ambitions grow and one capital-markets milestone leads to the next.

An IPO is not the end of the story. The strongest adviser-client relationships are built over time, through the IPO process, life as a listed company and the strategic decisions that shape the issuer’s next stage of growth.

Armah’s progression also reflects an important part of STAT’s Saudi equity capital markets practice. We advise on Main Market IPOs, while also having substantial experience in significant Nomu IPOs where a subsequent transfer to the Main Market may form part of the issuer’s longer-term capital-markets strategy.

From Armah’s Nomu IPO in 2023 to its first day of trading on the Main Market on 30 August 2026, it has been a genuine pleasure to make this journey alongside the Armah team.

We congratulate Armah Sports Company, its board, management, shareholders and everyone involved in achieving this important milestone. We look forward to seeing the company’s next chapter unfold.

Considering a Nomu IPO or a Future Transfer to the Main Market?

If your company is considering a Nomu IPO, a future transfer from Nomu to the Main Market or a Main Market IPO, and you would like to discuss how to prepare the company to take advantage of the next Saudi ECM window, please contact:

Robert Vydra
Partner | Head of Equity Capital Markets
E: rvydra@statlawksa.com
M: +966 55 001 5326