Time Entertainment debuts on Nomu at SAR 80/shr today

Logo of Time Entertainment Co.

Time Entertainment Co. began trading on the Nomu-Parallel Market today, June 17, under the symbol 9642 and ISIN code SA16B184ML18, with shares priced at SAR 80 each.

The stock is subject to daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

For More IPOs

The company offered 200,000 shares, representing 20% ​​of its SAR 10 million capital, split into one million shares, in an IPO that was nearly 141.4 % oversubscribed.

This is the 17th listing on Nomu in 2025, following Shmoh Almadi Co. debut on Jan. 13, ITMAM Consulting Co. on Jan. 23, Alshehili Co. for Metal Industries and Twareat Medical Care Co. on Jan. 29, Basma Adeem Medical Co. (Smile Care) on Feb. 3, Lamasat Co. on Feb. 9, Hedab Alkhaleej on March 5, RATIO on March 9, Future Vision for Health Training Co. on April 27, Service Equipment Co. on May 4, Dkhoun National Trading Co. on May 20, Adeer Real Estate Co. on May 26, and Axelerated Solutions for Information and Communication Technology Co. on June 1, Al Khuzama Trading Co. on June 2, Anmat Technology for Trading Co. on June 11, and ASAS Makeen Real Estate Development Co. on June 16.

Nomu saw 30 IPOs in 2024, including three direct listings and 27 offerings to qualified investors.

Time Entertainment’s listing brings the total number of companies on Nomu to 121, in addition to the Alwaha REIT Fund.

Company Overview

Time Entertainment was established in 2012 as a limited liability company under the name "Time Talent Management Company". It 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.