Future Vision to list on Nomu: Future Vision for Health Training announced plans to list on the Nomu parallel market, offering 2 mn newly-issued shares representing 20% of its post-IPO capital, according to its prospectus (pdf). The Capital Market Authority approved the IPO in December 2024.

Use of proceeds: The company will allocate SAR 2 mn to cover the offering expenses, including financial advisor and underwriter fees. The remaining net proceeds will be used to develop the company’s assets.

Post-IPO structure + lockup: Major shareholders will see their combined ownership drop to 53.97% from 67.46% following the offering. They will be restricted from selling their shares for 12 months from the first day of trading.

Timeline: Qualified investors can subscribe from 6 to 10 April, with a minimum subscription of 100 shares and a maximum of 499k shares per investor.

About Future Vision: Founded in 2019, Future Vision specializes in vocational training and education in Riyadh, Jeddah and Madinah, offering certified courses accredited by the Saudi Commission for Health Specialities and life support programs approved by the American and Saudi Heart Associations.

Earnings snapshot: The company reported a 12.4% y-o-y decline in net income to SAR 689k in 1H 2024. Meanwhile, revenues declined 4.5% y-o-y to SAR 7.2 mn.

ADVISORS- Yaqeen Capital is the financial and lead manager. Receiving agents include Derayah Financial, 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, and Sahm Capital.

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