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Future Vision for Health Training’s Nomu offering was 5x oversubscribed, reflecting strong investor appetite, according to a filing to Tadawul. Qualified investors had until late last week to submit their orders. The healthcare education provider stands to rake in some SAR 14 mn in proceeds after divesting a 20% stake in the primary offering at SAR 7.0 apiece.
Substantial shareholders will see their combined ownership diluted to 53.97%, down from 67.46%, subject to a 12-month lockup period.
ADVISORS- Yaqeen Capital acted as the financial and lead manager. Receiving agents included 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.
Key Nomu listings to watch out for in 2025:
- Auto equipment dealer Service Equipment Company is guiding on a price range of SAR 80-84 per share for its upcoming Nomu IPO of a 30% stake;
- Al Khalidi Logistics lined up the Capital Market Authority’s (CMA) approval in December to take a 7% stake to the parallel market;
- Qudra for Communications and IT got the go-ahead from the capital markets watchdog to list 5 mn shares — good for an 18.2% stake — on Nomu last month ;
- Hawiya Auctions was also approved to offer a 12% stake — 2.4 mn shares — on Nomu;
- The National Signage Industrial Company, a subsidiary of Tadawul-listed Arabian Contracting Services, was cleared last month to IPO a 20% stake — amounting to 1.5 mn shares — on Nomu;
- School operator Dome International for Investment was also cleared to offer a 14.5% stake, or 850k shares, on the parallel market;
- Property developer Hamad Mohammed Bin Saedan Real Estate will take a 15% stake, or 4.2 mn shares, public after lining up regulatory approval.
- Medical equipment supplier Wajd Life Trading is set to IPO a 20% stake, good for 2.5 mn shares, on Nomu following regulatory clearance last month;
- Naf for Feed Industry was the latest to secure CMA’s approval to offer a 20% stake on the parallel market.
Zooming out: A total of 38 companies and 22 funds are planning to list across the region this year, signaling continued investor confidence in MENA markets. Saudi Arabia is set to lead the charge with 26 upcoming public offerings.
