FutureVision for Health Training priced its upcoming Nomu offering of 2 mn shares at SAR 7 apiece, amounting to 20% of its post-IPO capital, according to a disclosure to Tadawul. The Capital Market Authority approved the company’s plan to list its shares on the parallel market in December, with the company announcing its IPO plan last month.

Use of proceeds + timeline: The health training provider is standing to rake in SAR 14 mn in proceeds, of which SAR 2 mn will cover offering expenses, while the rest will go to developing the company’s assets. Qualified investors can subscribe to a minimum of 100 shares and a maximum of 499k shares, starting today until Thursday, 10 April.

Post-IPO structure + lockup: Following the offering, major shareholders are expected to see their combined ownership drop to 53.97% from 67.46%, and they will be unable to sell their shares for 12 months.

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.

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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