Time Entertainment Co. issued today, May 7, the prospectus to sell 200,000 shares, or 20% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.
The company is capitalized at SAR 10 million, divided into one million shares at SAR 10 par value each.
The share sale will run for four working days from May 27 to June 1, 2025.
The Capital Market Authority (CMA) approved, in December the application received from the company to register its shares for direct listing on Nomu.
Time Entertainment was established in 2012 as a limited liability company under the name Time Talent Management Company. It was later transformed into an unlisted joint stock company in 2023. The company’s primary activity is organizing entertainment events, including professional event consulting, live creative experiences, shows, and celebrations.
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Company Profile |
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Company |
Time Entertainment Co. |
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Core Activities |
Organization of entertainment events |
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Market |
Nomu – Parallel Market |
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Capital |
SAR 10 mln |
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Number of Shares |
(mln shares) |
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Nominal Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
20% |
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Offered shares |
200,000 shares |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
49990 shares |
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Offer period |
From May 27 to June 1, 2025. |
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Final Allocation |
June 3, 2025 |
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Refund (if any) |
June 4, 2025 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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|
Amira Eidan bin Nayef Al Taweel Al Otaibi |
850 |
85% |
680 |
68% |
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Al Jawhara Eidan bin Nayef Al Otaibi |
50 |
5% |
40 |
4% |
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Ahmed Eidan bin Nayef Al Otaibi |
50 |
5% |
40 |
4% |
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Badr Eidan bin Nayef Al Otaibi |
50 |
5% |
40 |
4% |
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QFIs |
— |
— |
200 |
20% |
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Total |
1000 |
100% |
1000 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Al Khair Capital |
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Receiving Banks |
Derayah Financial, Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, Saudi Fransi Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Yaqeen Capital, Sahm Capital, SNB Capital |
