CMA nods to Future Vision’s Nomu IPO of 2M shares

Logo of The Capital Market Authority (CMA) 

The Capital Market Authority (CMA) approved today, Dec. 11, Future Vision for Health Training Co.'s application to float two million of its shares on the Nomu-Parallel Market.

The shares to be offered represent 20% of the company’s share capital.

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The offer will be limited to qualified investors as defined in the list of terms used in the regulations and rules of the CMA. The prospectus will be published well in advance of the offering's start date. 

The CMA's approval is valid for six months from the date of the resolution. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

Established in 2019, the company is accredited by the Saudi Commission for Health Specialties and is active in developing and providing the latest educational and training programs, according to its website.

The company’s board of directors is chaired by Abdullah Abu Al-Nasr, his deputy is Ismail Al-Qahtani, while Wael Al-Awfi is the Managing Director and CEO.