Logo ofTime Entertainment Co
Qualified investors started today, May 27, subscribing to 200,000 shares ofTime Entertainment Co. on the Nomu-Parallel Market at a price range betweenSAR 76 and SAR 80 per share. 
The offered shares represent 20% of the company’s SAR 10 million share capital, divided into 1 million shares, at a par value of SAR 10 per share.
The share sale will run for six working days until June 1, 2025.
The offerings of 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.
Thisisprovided 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.
Key background
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
Logo ofTime Entertainment Co
Qualified investors started today, May 27, subscribing to 200,000 shares ofTime Entertainment Co. on the Nomu-Parallel Market at a price range betweenSAR 76 and SAR 80 per share.
The offered shares represent 20% of the company’s SAR 10 million share capital, divided into 1 million shares, at a par value of SAR 10 per share.
The share sale will run for six working days until June 1, 2025.
The offerings of 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.
Thisisprovided 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.
Key background
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
