IPO | Tharwah | Saudi Arabia

Offer Period:

The offer period started from Sunday, 29-1-1446 AH corresponding to 04-08-2024 AD, and ends by the end of Sunday, 07-02-1446 AH corresponding to 11-08-2024 AD.

Number of Offered Shares:

A total of 705,735 ordinary shares are offered, representing 15% of the company's capital after the offering, which accounts for 17.64% of the total capital of the company before the increase.

Initial Public Offering in Parallel Market (Nomu)

We are pleased to announce that Tharwah Company has successfully completed its Initial Public Offering (IPO) with a coverage rate of 107.90% of the total shares offered during the offering period.

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About Tharwah

Tharwah is a Saudi firm specializing in Human Capital Advisory Services, founded in 2012 to enable clients to empower its human capital to achieve their strategic objectives. We believe that organizational success stems from people’s success, therefore, we work with our clients to create best-fit organizations aligned with their aspirations. We assist them in selecting and developing their talents and offer advice on how to engage, reward and develop them to achieve sustainable high performance.

Message from the CEO & Managing Director

يسرّني أن أعلن عن إنجاز هام في رحلة شركة ثروة بعد سنوات من التفاني والعمل الجاد والالتزام الراسخ بالتميز، نحن على أعتاب خطوة متميزة جديدة ألا وهي طرح أسهمنا للاكتتاب في سوق نمو.

تُجسّد هذه الخطوة ثقتنا بالله أولاً ثم بقوة نموذج عملنا، وكفاءة فريقنا، وفرص النمو الهائلة التي تنتظرنا في السوق مدعومةً برؤية 2030، من خلال التحوّل إلى شركة مدرجة في سوق نمو، وبذلك نهدف إلى تسريع وتيرة نمونا وتوسعنا، وتعزيز حضورنا في السوق الإقليمي، وإبراز التزامنا بأعلى معايير الحوكمة والالتزام.

نطمح في ثروة إلى أن نصبح مركزًا للخبرة في خدمات الاستشارات المهنية في المنطقة، ونقدم حلولًا رائدة تُقدّم وفقًا للمعايير العالمية من خلال فهم محلي أصيل. ونعتقد أننا من خلال ذلك لا نساهم في دعم عملائنا فحسب، بل نسهم أيضًا في إحداث تأثير إيجابي على المجتمع، وتظل مهمتنا ثابتة وهي تقديم خدمات مهنية متميزة لعملائنا، وتمكين قدراتهم، وخلق قيمة مستدامة لجميع أصحاب المصلحة.

وختامًا، أودّ أن أعرب عن امتناني لكلّ من ساهم في نجاحنا سواء كنت عميلًا أو موظفًا أو مستثمرًا أو شريكًا، فقد كان لدعمكم الأثر الكبير في تشكيل قصة نمونا.

تقبلوا وافر الشكر والتقدير،

عبدالله مرضي أحمد الزهراني
العضو المنتدب والرئيس التنفيذي

Our Success Journey

Tharwah HR Office (Sole Establishment)

2012

Initially established as a sole proprietorship specialized in human capital consulting and development, Tharwah set its vision on empowering individuals and organizations to reach their full potential. Tharwah is committed to excellence and sustainable development, forming the foundation upon which all its subsequent steps are built.

Tharwah Limited Company

2017

Tharwah Limited Company was established to enhance its ability to provide broader and more specialized services. This step was necessary to support rapid growth and meet the increasing demand for advanced human development services.

Establishing Tharwah High Institute for Training

2018

By establishing a training institute, Tharwah expanded its offerings of educational and training programs that enhance individuals' skills, emphasizing its commitment to developing human capabilities as a core focus for the success of organizations.

Establishing Tharwah Consulting Company – Dubai Branch

2019

Exploration of international markets began with the establishment of a branch in Dubai, reflecting Tharwah's commitment to spreading its expertise in empowering individuals and organizations across the GCC countries, while continuing to provide innovative and specialized solutions.

Partnership with Mira as an Investing Partner

2020

Attracting strategic partners such as Mira Holding Co. underscores the strength and attractiveness of Tharwah's business model and solidifies its position as a leader in the field of human capital development, enhancing its ability to expand and innovate.

Establishing Tharwah Recruitment & ISNAD Co.

2022

Establishing a recruitment specialist company supports Tharwah's mission to achieve optimal alignment between the requirements of organizations and the capabilities of individuals, thereby enhancing the human competencies needed for the success of organizations.

Tharwah Opens Cairo Branch

2023

Opening of a branch in Cairo represents another strategic step to expand the range of services offered by Tharwah, focusing on the promising Egyptian market and its commitment to transferring its regional and international experiences.

Tharwah Becomes a Closed Joint-Stock Company

2023

This transformation reflects Tharwah's growth and maturity in the market, enhancing its ability to attract new investments and expand its footprint in empowering and developing human capital on a broader scale.