CMA says 51 IPO requests for TASI, Nomu by Q2 2024

10/09/2024 Argaam Special
Logo ofCapital Market Authority (CMA)

Logo of  Capital Market Authority (CMA)


The Capital Market Authority (CMA) received 51 IPO applications for listing on TASI and Nomu-Parallel Market in Q2 2024, compared to 41 in Q1 2024, according to the market regulator's report for Q2 2024.

 

This included 15 requests for TASI and 36 applications for Nomu.

 

For More IPOs

 

The market regulator approved 14 applications in Q2, including four for TASI and 10 for Nomu.

 

The following are the details of the approved companies and existing requests, according to the CMA’s report for Q2 2024:

 

Number of IPO Applications Approved, Currently Under Review

Period

TASI

Nomu*

Approved requests

Under review

Approved requests

Under review

Q1 2022

2

4

6

62

Q2

3

6

10

70

Q3

3

9

5

61

Q4

7

4

20

79

Q1 2023

2

5

6

61

Q2

2

4

18

45

Q3

--

5

4

41

Q4

4

12

8

43

Q1 2024

4

7

9

34

Q2

4

15

10

36

 

*Includes applications for IPO on Nomu and requests for direct listing. 

 

A total of seven companies and one fund listed on TASI during H1 2024.

 

Company Listings on TASI during H1 2024

Company

Sector

Offer Price

Offering Date

Listing Date

Avalon Pharma

Pharmaceuticals

82.00

Jan. 30, 2024

Feb. 27, 2024

Modern Mills

Food & Beverages

48.00

March 5, 2024

March 27, 2024

Alistithmar REIT

REITs

10.00

May 12, 2024

Sept. 4, 2024

Miahona

Public Utilities

11.50

May 21, 2024

June 6, 2024

Fakeeh Care

Healthcare

57.50

May 21, 2024

June 5, 2024

SMASCO

Manpower services

7.50

May 26, 2024

June 12, 2024

TALCO

Capital Goods

43.00

May 28, 2024

June 13, 2024

Rasan

Fintech

37.00

May 29, 2024

June 13, 2024

 

A total of 13 companies listed their shares on Nomu during H1 2024.

 

Company Listings on Nomu during H1 2024

Company

Segment

Offer Price

Offering Date

Listing Date

Pan Gulf Marketing

Commercial & Professional Services

51.00

Jan. 10, 2024

Feb. 18, 2024

WSM

Software & Services

49.00

Jan. 25, 2024

Feb. 21, 2024

Al-Modawat

Healthcare

111.00

Jan. 28, 2024

Feb. 25, 2024

Quara

Financial services

15.00

Feb. 4, 2024

March 7, 2024

Almuhafaza for Education

Consumer Services

18.00

Feb. 28, 2024

March 26, 2024

Taqat Mineral

Materials

18.00

March 6, 2024

March 28, 2024

Qomel

Healthcare

80.00

April 21, 2024

May 9, 2024

Al Rasheed

Materials

28.00

April 28, 2024

May 23, 2024

Yaqeen Capital

Financial services

40.00

May 5, 2024

June 26, 2024

Horizon Educational

Consumer Services

54.00

May 12, 2024

June 2, 2024

Neft Alsharq

Materials

3.60

May 26, 2024

June 25, 2024

Leaf Global

Commercial & Professional Services

50.00

May 26, 2024

June 27, 2024

Miral

Healthcare

100.00

--

May 29, 2024

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