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Logo of Capital Market Authority (CMA)
The Capital Market Authority (CMA) received 51 IPO applications for listing on TASI and Nomu-Parallel Market in Q2 2024, compared to 41 in Q1 2024, according to the market regulator's report for Q2 2024.
This included 15 requests for TASI and 36 applications for Nomu.
The market regulator approved 14 applications in Q2, including four for TASI and 10 for Nomu.
The following are the details of the approved companies and existing requests, according to the CMA’s report for Q2 2024:
|
Number of IPO Applications Approved, Currently Under Review |
||||
|
Period |
TASI |
Nomu* |
||
|
Approved requests |
Under review |
Approved requests |
Under review |
|
|
Q1 2022 |
2 |
4 |
6 |
62 |
|
Q2 |
3 |
6 |
10 |
70 |
|
Q3 |
3 |
9 |
5 |
61 |
|
Q4 |
7 |
4 |
20 |
79 |
|
Q1 2023 |
2 |
5 |
6 |
61 |
|
Q2 |
2 |
4 |
18 |
45 |
|
Q3 |
-- |
5 |
4 |
41 |
|
Q4 |
4 |
12 |
8 |
43 |
|
Q1 2024 |
4 |
7 |
9 |
34 |
|
Q2 |
4 |
15 |
10 |
36 |
*Includes applications for IPO on Nomu and requests for direct listing.
A total of seven companies and one fund listed on TASI during H1 2024.
|
Company Listings on TASI during H1 2024 |
||||
|
Company |
Sector |
Offer Price |
Offering Date |
Listing Date |
|
Avalon Pharma |
Pharmaceuticals |
82.00 |
Jan. 30, 2024 |
Feb. 27, 2024 |
|
Modern Mills |
Food & Beverages |
48.00 |
March 5, 2024 |
March 27, 2024 |
|
Alistithmar REIT |
REITs |
10.00 |
May 12, 2024 |
Sept. 4, 2024 |
|
Miahona |
Public Utilities |
11.50 |
May 21, 2024 |
June 6, 2024 |
|
Fakeeh Care |
Healthcare |
57.50 |
May 21, 2024 |
June 5, 2024 |
|
SMASCO |
Manpower services |
7.50 |
May 26, 2024 |
June 12, 2024 |
|
TALCO |
Capital Goods |
43.00 |
May 28, 2024 |
June 13, 2024 |
|
Rasan |
Fintech |
37.00 |
May 29, 2024 |
June 13, 2024 |
A total of 13 companies listed their shares on Nomu during H1 2024.
|
Company Listings on Nomu during H1 2024 |
||||
|
Company |
Segment |
Offer Price |
Offering Date |
Listing Date |
|
Pan Gulf Marketing |
Commercial & Professional Services |
51.00 |
Jan. 10, 2024 |
Feb. 18, 2024 |
|
WSM |
Software & Services |
49.00 |
Jan. 25, 2024 |
Feb. 21, 2024 |
|
Al-Modawat |
Healthcare |
111.00 |
Jan. 28, 2024 |
Feb. 25, 2024 |
|
Quara |
Financial services |
15.00 |
Feb. 4, 2024 |
March 7, 2024 |
|
Almuhafaza for Education |
Consumer Services |
18.00 |
Feb. 28, 2024 |
March 26, 2024 |
|
Taqat Mineral |
Materials |
18.00 |
March 6, 2024 |
March 28, 2024 |
|
Qomel |
Healthcare |
80.00 |
April 21, 2024 |
May 9, 2024 |
|
Al Rasheed |
Materials |
28.00 |
April 28, 2024 |
May 23, 2024 |
|
Yaqeen Capital |
Financial services |
40.00 |
May 5, 2024 |
June 26, 2024 |
|
Horizon Educational |
Consumer Services |
54.00 |
May 12, 2024 |
June 2, 2024 |
|
Neft Alsharq |
Materials |
3.60 |
May 26, 2024 |
June 25, 2024 |
|
Leaf Global |
Commercial & Professional Services |
50.00 |
May 26, 2024 |
June 27, 2024 |
|
Miral |
Healthcare |
100.00 |
-- |
May 29, 2024 |
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