Subscription to Future Vision's 2M shares starts today on Nomu

Logo of Future Vision for Health Training Co.

Qualified investors started today, April 6, subscribing to two million shares of Future Vision for Health Training Co. on the Nomu-Parallel Market at SAR 7 per share.

The shares on offer represent 25% of the company's pre-IPO capital of SAR 8 million, divided into 1.1 million shares, at SAR 10 each, and 20% of the post-IPO capital of SAR 10 million.

For More IPOs

The share sale will run from April 6-10.

Today’s listings of Future Vision will bring this year’s IPOs to seven on the parallel market, after Shmoh Almadi Co.'s debut on Jan. 13, ITMAM Consulting Co.  on Jan. 23, Alshehili Co. for Metal Industries on Jan. 29., Basma Adeem Medical Co. (Smile Care) on Feb. 3, as well as Ratio Speciality Company for Trading and Hedab Alkhaleej Trading Co. on Feb. 16.

Nomu witnessed 28 IPOs in 2024.

In December 2024, the Capital Market Authority (CMA) approved Future Vision's application to offer its shares on Nomu.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts, as well as clients of capital market institutions authorized to carry out management operations.

This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent. 

The categories include the Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).

They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.

Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in the guidelines for investment of non-resident foreigners in Nomu.

They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.

Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:

They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.

Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.

They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.

Company Profile

Future Vision was established in 2019 as a limited liability company in Madinah before transforming into a joint-stock company.

The company's activities focus on professional development, training, and education, offering certified training courses accredited by the Saudi Commission for Health Specialties and life support courses approved by the American Heart Association and the Saudi Heart Association. These courses are provided through the company's branches in Riyadh, Jeddah, and Madinah, as well as via live-streaming through its official website.