Tharwa HR issues prospectus for Nomu IPO

Logo of Tharwa HR Co.

Tharwa HR Co. issued today, July 16, the prospectus to list 705,740 shares on the Nomu-Parallel Market.

The offered shares represent 15% of post-IPO capital amounting to SAR 23.53 million (17.64% of pre-IPO capital).

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The share sale will run for eight working days from Aug. 4-11. It be limited to qualified investors on Nomu.

The share sale will be limited to qualified investors on Nomu-Parallel Market.

The Capital Market Authority (CMA) approved, on June 3, the company's application to float its shares on Nomu.

Tharwa HR was established as a one-person Saudi limited liability company in Riyadh in 2017, then converted into a closed joint stock company.

The company's 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, 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.