Logo ofITMAM Consulting Co.
Investors start today, Jan. 5, subscription toITMAM Consulting Co.’s three million shares on the Nomu-Parallel Market. The price range was set between SAR 13 and SAR 15 a share. 
The shares on offer represent 15% of the company’s pre-IPO capital of SAR 20 million divided into 20 million shares at a nominal value of SAR 1 each, and 14.29% of the post-IPO capital.
The company’s capital will be raised to SAR 21 million, divided into 21 million shares, at a par value of SAR 1 each.
The subscription period will run for six days until Jan. 12.
The IPOs of ITMAM Consulting and Alshehili Co. today mark the first IPOs of 2025.
The Parallel Market witnessed 28 IPOs in 2024.
On Oct. 28, 2024, the Capital Market Authority (CMA) approved ITMAM Consulting request to register and 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. This is in addition to clients of capital market institutions authorized to carry out management operations, provided 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 CenterCo.(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.
Additionally, the qualified investorsinclude anylegal person entitled to open investment accounts inside the Kingdom and with Edaa,as well asnaturalpersons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria,includingthe below:
They should have executed transactions in thecapitalmarkets 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 thefinancial sector.
They should holda CMA-approved certificate in securities dealing and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors also includes any other persons as defined by the CMA.
Company Profile:
ITMAM Consulting was established in 2018 in Riyadh. The company’s current actual activity is to provide management consulting services, including business transformation, assessment and commitment, capacity building and development.
The company’s activities, as stated in its commercial register, include rehabilitating and restructuring the administrative, financial and operational processes of establishments, providing senior management consulting services, market research and opinion polls, integrated administrative services activities for offices, business incubators and accelerators activities (requires a license from the Small Medium Enterprises General Authority), organizing and managing exhibitions and conferences, organizing and managing crowds, and operating exhibition and conference centers and facilities.
Company Profile
Company
ITMAM Consulting Co.
Market
Nomu-Parallel Market
Core Activities
Providing management consulting services
Capital before IPO
SAR 20 mln
Number of Shares
20 mln
Capital after IPO
SAR 21 mln
New Number of Shares
21 mln
Par Value
SAR 1 per share
IPO Summary
Issue Percentage
14.29% of post-increase capital (15% of pre-IPO capital)
Offered Shares
3 mln
IPO Minimum Limit
100 shares
IPO Maximum Limit
1049900 shares
Offer Period
Six working days from Jan. 5-12
Final Allocation
Jan. 15, 2025
Surplus Refund (If any)
Jan. 19, 2025
Company Shareholders
Shareholder
Pre-IPO
Post-IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Wajd Holding Group
4000
20.00%
3600
17.14%
Abdul Rahman Abdullah Hamoud Al Nuwaiser
2950
14.75%
2655
12.64%
Mohammed Suleiman Abdullah Al-Zaben
2950
14.75%
2655
12.64%
Asset Management Co.
2500
12.50%
2250
10.71%
Ali Mohammed Rashid Al-Balla
2400
12.00%
2160
10.29%
Adham Saleh Hamdam Jan Qari
2000
10.00%
1800
8.57%
Home of Future Administrative
2000
10.00%
1800
8.57%
Mohammed Saad Hamoud Al-Asimi
800
4.00%
720
3.43%
Abdulrahman Abdulmohsen Mohammed Al-Khalaf
100
0.50%
90
0.43%
Azzam Omar Abdulrahman Al-Mufdi
100
0.50%
90
0.43%
Abdulaziz Abdulrahman Abdullah Al-Faryan
100
0.50%
90
0.43%
Ruba Abdullah Muayyad Al-Thunayan
100
0.50%
90
0.43%
Qualified Investors
—
0.4%
3000
14.29%
Total
20000
100%
21000
100%
Additional Information
Financial Advisor Lead Manager
Yaqeen Capital
Receiving Entities
Alinma Investment – Al Rajhi Capital – SNB Capital – BSF Capital – Riyad Capital – ANB Capital – Alistithmar Capital – Albilad Capital – AlJazira Capital – GIB Capital – Alkhabeer Capital – SAB Invest – Sahm Capital – Derayah Financial
Logo ofITMAM Consulting Co.
Investors start today, Jan. 5, subscription toITMAM Consulting Co.’s three million shares on the Nomu-Parallel Market. The price range was set between SAR 13 and SAR 15 a share.
The shares on offer represent 15% of the company’s pre-IPO capital of SAR 20 million divided into 20 million shares at a nominal value of SAR 1 each, and 14.29% of the post-IPO capital.
The company’s capital will be raised to SAR 21 million, divided into 21 million shares, at a par value of SAR 1 each.
The subscription period will run for six days until Jan. 12.
The IPOs of ITMAM Consulting and Alshehili Co. today mark the first IPOs of 2025.
The Parallel Market witnessed 28 IPOs in 2024.
On Oct. 28, 2024, the Capital Market Authority (CMA) approved ITMAM Consulting request to register and 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. This is in addition to clients of capital market institutions authorized to carry out management operations, provided 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 CenterCo.(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.
Additionally, the qualified investorsinclude anylegal person entitled to open investment accounts inside the Kingdom and with Edaa,as well asnaturalpersons allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria,includingthe below:
They should have executed transactions in thecapitalmarkets 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 thefinancial sector.
They should holda CMA-approved certificate in securities dealing and a professional certificate in the field of securities business, approved by an internationally recognized body.
The list of qualified investors also includes any other persons as defined by the CMA.
Company Profile:
ITMAM Consulting was established in 2018 in Riyadh. The company’s current actual activity is to provide management consulting services, including business transformation, assessment and commitment, capacity building and development.
The company’s activities, as stated in its commercial register, include rehabilitating and restructuring the administrative, financial and operational processes of establishments, providing senior management consulting services, market research and opinion polls, integrated administrative services activities for offices, business incubators and accelerators activities (requires a license from the Small Medium Enterprises General Authority), organizing and managing exhibitions and conferences, organizing and managing crowds, and operating exhibition and conference centers and facilities.
Company Profile
Company
ITMAM Consulting Co.
Market
Nomu-Parallel Market
Core Activities
Providing management consulting services
Capital before IPO
SAR 20 mln
Number of Shares
20 mln
Capital after IPO
SAR 21 mln
New Number of Shares
21 mln
Par Value
SAR 1 per share
IPO Summary
Issue Percentage
14.29% of post-increase capital (15% of pre-IPO capital)
Offered Shares
3 mln
IPO Minimum Limit
100 shares
IPO Maximum Limit
1049900 shares
Offer Period
Six working days from Jan. 5-12
Final Allocation
Jan. 15, 2025
Surplus Refund (If any)
Jan. 19, 2025
Company Shareholders
Shareholder
Pre-IPO
Post-IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
Wajd Holding Group
4000
20.00%
3600
17.14%
Abdul Rahman Abdullah Hamoud Al Nuwaiser
2950
14.75%
2655
12.64%
Mohammed Suleiman Abdullah Al-Zaben
2950
14.75%
2655
12.64%
Asset Management Co.
2500
12.50%
2250
10.71%
Ali Mohammed Rashid Al-Balla
2400
12.00%
2160
10.29%
Adham Saleh Hamdam Jan Qari
2000
10.00%
1800
8.57%
Home of Future Administrative
2000
10.00%
1800
8.57%
Mohammed Saad Hamoud Al-Asimi
800
4.00%
720
3.43%
Abdulrahman Abdulmohsen Mohammed Al-Khalaf
100
0.50%
90
0.43%
Azzam Omar Abdulrahman Al-Mufdi
100
0.50%
90
0.43%
Abdulaziz Abdulrahman Abdullah Al-Faryan
100
0.50%
90
0.43%
Ruba Abdullah Muayyad Al-Thunayan
100
0.50%
90
0.43%
Qualified Investors
—
0.4%
3000
14.29%
Total
20000
100%
21000
100%
Additional Information
Financial Advisor Lead Manager
Yaqeen Capital
Receiving Entities
Alinma Investment – Al Rajhi Capital – SNB Capital – BSF Capital – Riyad Capital – ANB Capital – Alistithmar Capital – Albilad Capital – AlJazira Capital – GIB Capital – Alkhabeer Capital – SAB Invest – Sahm Capital – Derayah Financial
