Latest news with #AmeeraAlTaweel
Zawya
a day ago
- Business
- Zawya
Listing of Time Entertainment Company and commencement of trading of its shares on the Parallel Market, Nomu
Businesswoman Ameera Al-Taweel, Chairwoman of TIME Entertainment Company (TIME), said: "Our listing on the Parallel Market represents a strategic milestone that reflects our company's maturity and readiness for the next phase of growth. We have built a Saudi business model within the live events sector that meets global standards." Al-Taweel added: "The events sector is vast and diverse. Our experience represents a successful model that has been built based on a global vision, capped with a Saudi identity, and is distinguished by specializing in producing and organizing major live events managed by a multi-skilled team of some of the best events professionals globally. Throughout our journey, we have been a trusted partner to numerous governmental, semi-governmental, and private entities. We believe that we represent a national choice that executes major global events and constantly works." Commenting on the company listing and commencement of trading of its shares, Engineer Obada Awad, Chief Executive Officer of the company said: 'TIME operates in line with a strategy targeting sustainable growth, and our strategy is based on considerable growth and expansion through our continuous monitoring of the market and analysis of available opportunities. We also place significant emphasis on sustainable operational improvement and diligent work to develop and launch premium and quality services that add real value to the market." Time activities include producing and organizing major live events, serving multiple sectors such as sports, entertainment, culture, tourism, and conferences. It also provides a comprehensive and integrated suite of live event production and management services, not to mention specialized creative and consultancy solutions.
Arab News
a day ago
- Business
- Arab News
Saudi-based TIME Entertainment makes Nomu market debut
RIYADH: TIME Entertainment Co., a Saudi-based full-service live events and experiences management company, has officially begun trading on the Nomu parallel market, marking a significant step in its growth trajectory. Chairwoman Ameera Al-Taweel described the listing as a strategic milestone that underscores the company's maturity and readiness for future expansion. TIME's listing comes as part of broader efforts by Saudi Arabia to expand investor participation in the Nomu market. In 2024 alone, Nomu has seen 28 IPOs and three direct listings, raising about SR1.1 billion ($293 million). 'We have built a Saudi business model within the live events sector that meets global standards. The events sector is vast and diverse. Our experience represents a successful model that has been built based on a global vision, capped with a Saudi identity, and is distinguished by specializing in producing and organizing major live events managed by a multi-skilled team of some of the best events professionals globally.' Al-Taweel said in a statement. Al-Taweel also highlighted the company's role as a trusted partner to government, semi-government, and private sector clients. 'We believe that we represent a national choice that executes major global events and constantly works,' she added. CEO Obada Awad said the company is guided by a strategy rooted in sustainable growth and market responsiveness. 'We also place significant emphasis on sustainable operational improvement and diligent work to develop and launch premium and quality services that add real value to the market,' he said. TIME Entertainment specializes in producing large-scale live events across sectors such as sports, entertainment, culture, tourism, and conferences. It offers end-to-end production and management services, in addition to creative and consultancy expertise. The company is also focused on crafting distinctive narratives grounded in Saudi culture and heritage, with the aim of sharing them with global audiences. Its goal is to deliver innovative, artistically rich, and high-quality experiences. Saudi Arabia's entertainment sector is rapidly emerging as a key pillar of the Kingdom's economic diversification agenda. As the country moves away from its traditional reliance on oil, strengthening the entertainment industry is seen as critical to driving growth across multiple sectors. A recent report by consultancy AlixPartners found that 33 percent of Saudi consumers plan to increase spending on out-of-home entertainment — well above the global average of 19 percent — highlighting strong local demand.
