Horizon Educational issues prospectus to list 500,000 shares on Nomu

Logo of Horizon Educational Co.

Horizon Educational Co. issued today, April 21, the prospectus to list 500,000 shares, representing 20% of its post-IPO capital of SAR 25 million (2.5 million shares) on the Nomu-Parallel Market.

The share sale will run for seven working days from May 12-20, 2024.

For More IPOs

The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.

Horizon Educational was established as a limited liability company in 2007 in Riyadh. It was converted into a closed joint stock company in 2021.

The company's activities, as stated in its commercial register, are represented in pre-school and kindergarten education using international curricula, as well as primary, middle and secondary education for male and female students using international curricula.

The company's current actual activity is pre-school and kindergarten education using international curricula, as well as primary, middle, and secondary education for male and female students using international curricula through Al-Woroud Educational Complex, in addition to other activities such as renting playgrounds, trips, nurseries, and international tests.

The activity of the company’s subsidiary Bawabat Al-Ofoq for Operation and Maintenance Co. is cleaning services for government buildings, maintenance and operation of buildings and facilities, as well as maintenance services activities.

The Capital Market Authority (CMA) approved, in December the application received from the company to register its shares for direct listing on Nomu.