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 Nomu-Parallel Market.
The company is capitalized at SAR 10 million, divided into one million shares at SAR 10 par value each.
The share sale will run for four working days from May 27 to June 1, 2025.
The Capital Market Authority (CMA) approved, in December 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 an unlisted 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
(mln shares)
Nominal Value
SAR 10
IPO Summary
Issue Percentage
20%
Offered shares
200,000 shares
IPO Minimum Limit
10 shares
IPO Maximum Limit
49990 shares
Offer period
From May 27 to June 1, 2025.
Final Allocation
June 3, 2025
Refund (if any)
June 4, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
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%
QFIs
—
—
200
20%
Total
1000
100%
1000
100%
Additional Information
Financial Advisor and Lead Manager
Al Khair Capital
Receiving Banks
Derayah Financial, Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, Saudi Fransi Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Yaqeen Capital, Sahm Capital, SNB Capital
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 Nomu-Parallel Market.
The company is capitalized at SAR 10 million, divided into one million shares at SAR 10 par value each.
The share sale will run for four working days from May 27 to June 1, 2025.
The Capital Market Authority (CMA) approved, in December 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 an unlisted 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
(mln shares)
Nominal Value
SAR 10
IPO Summary
Issue Percentage
20%
Offered shares
200,000 shares
IPO Minimum Limit
10 shares
IPO Maximum Limit
49990 shares
Offer period
From May 27 to June 1, 2025.
Final Allocation
June 3, 2025
Refund (if any)
June 4, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(‘000)
Ownership (%)
Number of Shares
(‘000)
Ownership (%)
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%
QFIs
—
—
200
20%
Total
1000
100%
1000
100%
Additional Information
Financial Advisor and Lead Manager
Al Khair Capital
Receiving Banks
Derayah Financial, Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, Saudi Fransi Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Yaqeen Capital, Sahm Capital, SNB Capital
