Subscription to Time Entertainment 200,000 shares starts today on Nomu

Logo of Time Entertainment Co

Qualified investors started today, May 27, subscribing to 200,000 shares of Time Entertainment Co. on the Nomu-Parallel Market at a price range between SAR 76 and SAR 80 per share.

The offered shares represent 20% of the company’s SAR 10 million-share capital, divided into one million shares, at a par value of SAR 10 per share.

For More IPOs

The share sale will run for six working days until June 1, 2025.

Time Entertainment will bring this year’s initial public offerings (IPOs) to 18 on Nomu.

Nomu witnessed 28 IPOs last year.

In December 2024, the Capital Market Authority (CMA) approved the company’s application to float its shares on Nomu.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts, as well as clients of capital market institutions authorized to carry out management operations.

This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent. 

The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).

They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries. 

They also include any legal person entitled to open investment accounts inside the Kingdom and with Edaa.

Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria.

They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.

Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.

They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.

Company Profile

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.