DUBAI: Saudi real estate firm Bunyan United Company has appointed BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange.

The offering is expected to be one of the biggest listings in the parallel market with a value exceeding SR1 billion ($266.6 million), BMG said in a statement.

The Jeddah-based developer has real estate projects in several industries, including entertainment, medicine, and hospitality.

Nomu is a dedicated market seen to support small and medium-sized enterprises.