Time Entertainment issues prospectus to sell 200,000 shares on Nomu

Logo of Time Entertainment Co.

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 the Nomu-Parallel Market.

 

The company is capitalized at SAR 10 million, divided into one million shares at SAR 10 par value each.

 

For More IPOs

 

The share sale will run for four working days from May 27 to June 1.

 

The Capital Market Authority (CMA) approved, in December 2024, 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 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.

 

Company Profile 

Company 

Time Entertainment Co.

Core Activities 

Organization of entertainment events

Market

Nomu-Parallel Market

Capital 

SAR 10 mln

Number of Shares 

1 mln

Nominal Value 

SAR 10

 

IPO Summary

Issue Percentage

20%

Offered Shares

200,000

IPO Minimum Limit

10 shares

IPO Maximum Limit

49,990 shares

Offer Period

May 27 to June 1, 2025

Final Allocation

June 3, 2025

Surplus Refund (if any)

June 4, 2025
 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(‘000)

Ownership (%)

Number of Shares

(‘000)

Ownership (%)

Princess Amira Eidan bin Nayef Al Taweel Al Otaibi

850

85%

680

68%

Al Jawhara Eidan bin Nayef Al Otaibi

50

5%

40

4%

Ahmed Eidan bin Nayef Al Otaibi

50

5%

40

4%

Badr Eidan bin Nayef Al Otaibi

50

5%

40

4%

Qualified investors

--

--

200

20%

Total

1000

100%

1000

100%
 

Additional Information

Financial Advisor & Lead Manager

Al Khair Capital

Receiving Entities

Derayah Financial, Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, BSF Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Yaqeen Capital, Sahm Capital and SNB Capital

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request