Time Entertainment sets offering price range at SAR 76-80/share

Logo of Time Entertainment Co.

AlKhair Capital, the financial advisor and lead manager for Time Entertainment Co.’s potential offering on the Nomu-Parallel Market, announced setting the price range between SAR 76 and SAR 80 per share.

In a statement to Tadawul, the company noted that the book-building process to qualified investors will run from May 27 to June 1.

For More IPOs

According to data available to Argaam, Time Entertainment plans to float 200,000 shares, or 20% of capital, at a par value of SAR 10 per share.

The Capital Market Authority (CMA) approved, in December 2024, the company's application 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 a joint-stock company in 2023. The company's primary activity is organizing entertainment events, including professional event consulting, live creative experiences, shows, and celebrations.