Future Vision for Health Training’s share price slipped 5.3% on its Nomu debut yesterday to close at SAR 6.63 — down from its listing IPO price of SAR 7, according to market data.

The health training company floated a 20% stake on the parallel market in a primary offering that was 5x oversubscribed, to rake in some SAR 14 mn in proceeds.

Key Nomu listings to watch out for in 2025:

  • Auto equipment distributor 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 CMA 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 plans to take a 15% stake, or 4.2 mn shares, to market, after it lined up regulatory approval.
  • Medical equipment supplier Wajd Life Trading is set to IPO a 20% stake, good for 2.5 mn shares, on Nomu, after securing 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 public offerings.

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