Tharwah shares debut on Nomu today

Logo of Tharwah HR Co. 

Altharwah Albashariyya Co. (Tharwah) will start trading on the Nomu-Parallel Market today, Aug. 27, under the symbol 9606 and ISIN code SA16402KM313.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed.

For More IPOs

The company recently floated 705,700 ordinary shares, representing 15% of its post-IPO capital of SAR 23.5 million (4.71 million shares in total). Thepar value stood at SAR 5 apiece.

The IPO, the offer price for which was set at SAR 62 per share, was 107.9% covered. 

This is the 16th listing on Nomu in 2024. The listings comprised one direct listing and 15 offerings to qualified investors.

In 2023, Nomu witnessed 35 listings, including six direct listings and 29 offerings to qualified investors, plus one REIT. 

Tharwah’s offering will bring the total number of companies listed on Nomu to 94, in addition to Alwaha REIT Fund.

Company Profile:

Tharwah was established as a one-person Saudi limited liability company in Riyadh in 2017, before being transformed into a closed joint stock company.

Its activities, as stated in its commercial register, include rehabilitating and restructuring the administrative, financial and operational processes of establishments, providing higher management consulting services, higher training institutes, institutes for teaching languages and conversational skills, training institutes, training centers, electronic training, mediation in the employment of Saudis, activities of employment agencies for Saudis, organizing and managing exhibitions and conferences, systems analysis, interface design and user experience, application development, and artificial intelligence techniques.

The company's actual current activity as of the date of this prospectus is represented in administrative consultancy as well as training and development sectors.