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 publicly listed Company founded in 2012, and it is first consulting company to be publicly listed in the parallel market (Nomo). Tharwah specializes in Management Consulting and providing Training and development services. Tharwah targets providing a positive and enduring impact for people, organizations, and communities by providing exceptional services with global standards delivered through deep local understanding.

Message from the CEO & Managing Director

I am thrilled to announce a significant milestone in the journey of Tharwah. After years of dedication, hard work, and unwavering commitment to excellence, we are poised to take the next bold step: going public.
This step reflects our confidence in the strength of our business model, the caliber of our team, and the immense growth opportunities ahead. By becoming a publicly traded company, we aim to fuel our growth and expansion, enhancing our visibility in the marketplace, and showcasing our commitment to the highest standards of governance.
At Tharwah, we aim to become the center of expertise in Professional Advisory Services in the region providing best-in-class solutions delivered with global standards through local talents. We believe that by doing so, we not only enhance our clients’ business performance but also contribute to a positive societal impact.
Our mission remains steadfast: Delivering excellence to our clients, empowering their potential and creating sustainable value to our stakeholders.
Finally, I want to express my gratitude to each and every one of you who has contributed to our success. Whether you are a client, an employee, an investor, or a collaborator, your support has been instrumental in shaping our growth story.

Best Regards,

Abdullah bin Mardi bin Ahmed AlZahrani
CEO & Managing Director

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.