Dome scraps share offering on Nomu

Logo of Dome International Investment Co.

Watheeq Capital, the financial advisor for the offering of Dome International Investment Co. on the Nomu-Parallel Market, announced the incompletion of the offering.

In a statement to Tadawul, the company said that the subscription amounts will be refunded to the subscribers starting from the date of this announcement, no later than the end of trading on June 4.

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According to Argaam’s data, qualified investors began subscribing to 850,000 shares of Dome International on May 19, at SAR 42 each. The subscription period was extended to June 1, 2025.

The shares that were set to be floated represent 17% of the company’s pre-IPO capital (or 14.53% of post-IPO capital). The company is currently capitalized at SAR 50 million, divided into five million shares at a par value of SAR 10 apiece. The post-IPO capital will amount to SAR 58.5 million, divided into 5.85 million shares.

The company’s current business activity is to provide educational services for the pre-university education stage, in addition to complementary services such as student transportation services, English language learning and testing services, and standardized language proficiency tests.