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Area of expertise

Readiness for the offering and listing in the capital market

IPO readiness is not just a financing decision; it is a test of how mature the institution truly is from within. We raise your readiness across four core pillars before you begin any listing procedures.

Markets we work with
Tadawul
Nomu (parallel market)
Capital Market Authority (CMA)
Saudi Central Bank (SAMA)
Family businesses
Industrial groups
Tadawul
Nomu (parallel market)
Capital Market Authority (CMA)
Saudi Central Bank (SAMA)
Family businesses
Industrial groups
18-36
months, a clear roadmap
4
core readiness pillars
2012
Founded
Two markets
Tadawul and Nomu, full coverage
The problem

Ambition to go public without first putting the house in order.

What we build

A readiness roadmap, governance, performance, financial modeling, and pre-offering ordering.

The outcome

An institution ready to list on Tadawul and Nomu, in the language of readiness, not valuation.

Why IPO readiness is an institutional decision, not merely a financial one

IPO readiness is not simply about meeting formal requirements. It is about building an integrated institutional system that reflects the company's maturity and earns the trust of regulators and investors.

We raise readiness across four core pillars before you begin any listing procedures, with a clear, time-bound roadmap for each pillar.

Common challenges

  • No clear view of institutional readiness
  • A weak governance system at board level
  • Missing regulatory policies and procedures
  • Weak management and financial reporting
  • An incomplete organizational structure and documentation

When do you need this service?

  • When you are seriously considering a listing or offering
  • When converting into a joint-stock company
  • When preparing to attract institutional investors
  • When you need to strengthen governance and transparency
  • 18 to 36 months before a planned listing
IPO readiness assessment model
Corporate governance
94%
Structure and policies
90%
Management and financial reporting
88%
Regulatory compliance
92%
An illustrative model of the readiness pillars we strengthen before the offering

Start with enough time before your target offering

Most companies begin the preparation process too late, and that costs more time and effort. A company that starts 18 to 36 months ahead has enough room to close its gaps and build the track record that convinces investors.

We begin with a comprehensive assessment of the current position across the four pillars, then set a clear roadmap with priorities that can be executed in phases.

Check your readiness score

How we prepare you to list: our phased engagement model

Four stages that carry you from a readiness diagnosis to listing, building a system that endures beyond the offering rather than ending with it. We speak the language of readiness, not valuation.

1

Readiness diagnosis

Measuring your readiness across the governance, structure, financial, and compliance pillars, and identifying gaps and priorities.

Readiness measurementGap identification
2

Roadmap

A detailed plan with clear priorities and timelines for each pillar through to full readiness.

Detailed planTimelines
3

Development and build

Executing initiatives in parallel across the pillars, and building the performance and reporting system investors expect.

Pillar developmentReporting system
4

Support through to listing

Periodic review of readiness levels, and full support through submission and coordination with advisors and regulators.

Readiness reviewSupport through listing

We measure your readiness with a standardized system across four pillars, and present it to the investor in a clear file, in the language of readiness, not valuation.

The four pillars of readiness

We work in parallel across four pillars that together form an integrated system for IPO readiness.

Pillar One
Corporate governance

Building a strong governance structure that investors and regulators trust and that sustains decision-making.

  • Forming an effective board with specialized committees
  • Building a documented governance framework aligned with the CMA
  • Defining clear authorities between ownership and management
  • Preparing professional board reports
Pillar Two
Organizational structure and policies

Building a clear organizational structure with a documented system of policies and procedures that reflect a mature institution.

  • An up-to-date organizational structure with documented authorities
  • Approved operational policies and procedures
  • Anti-money-laundering and compliance procedures
  • An employee handbook and a clear incentive system
Pillar Three
Management and financial reporting

Building a professional reporting system that shows the company's performance transparently and supports investor decisions.

  • Audited financial statements under the approved standards
  • Performance dashboards and KPIs for investors
  • Quarterly reports to the board
  • A financial model and feasibility study for the offering
Pillar Four
Regulatory compliance

Ensuring the company complies with Capital Market Authority requirements and the regulations for listed joint-stock companies.

  • Reviewing alignment with disclosure regulations
  • Preparing the prospectus and offering file
  • Coordinating with legal and financial advisors
  • A continuous compliance system after listing

Tangible deliverables that stay in your hands

Readiness and governance deliverables

  • An IPO readiness assessment report
  • A preparation roadmap (18 to 36 months)
  • A governance framework and policy system
  • A guide to continuous compliance after listing

Performance and offering deliverables

  • Financial modeling for readiness
  • A performance dashboard and KPIs for investors
  • A draft prospectus and offering documents

Tangible, measurable results

📊
Clarity on your readiness level

An accurate diagnosis of the strengths and gaps in each readiness pillar.

🗺️
A clear roadmap

A detailed action plan with priorities and timelines that can be executed and tracked.

🏛️
Professional governance

A governance structure that both investors and regulators can trust.

💼
A compelling investment story

A financial model and reports that support investment decisions and convince investors.

✅
Full regulatory compliance

Complete alignment with CMA requirements and a continuous compliance system after listing.

🚀
A successful offering in less time

Early preparation reduces errors and shortens the actual time to offering.

Case study: preparing a manufacturer to list on Nomu

Preparing a mid-sized Saudi industrial company to list on the Nomu parallel market

Industrial manufacturing · a Saudi closed joint-stock company

The challenge

An industrial company with revenues exceeding SAR 80 million aspired to list on Nomu within 24 months, but suffered from weak governance, an absence of documented policies, and financial statements not prepared to listing requirements.

What we delivered

  • A comprehensive readiness assessment across the four pillars
  • Forming a board with 3 specialized committees
  • Building a complete system of policies and procedures
  • Restructuring the financial and management reports
  • Preparing the prospectus and offering documents
Result: Listing readiness was completed in 20 months instead of 24, with the company receiving initial approval from the CMA on its first submission, which is rare in the market.

What clients always ask

Nomu (the parallel equity market) is designed for small and medium enterprises, and its requirements are lighter than the Main Market (Tadawul). Nomu is an ideal option for companies seeking growth and investment without the full commitment of the Main Market's requirements.
It usually ranges from 18 to 36 months depending on the company's current readiness level. The earlier you start, the wider the margin you have to close gaps without time pressure.
Yes, and it is in fact the best approach. The core readiness pillars, governance, structure, reporting, and compliance, are required in both markets. We begin with the core preparation, then determine the most suitable market based on the company's size and objectives.
Our role complements theirs rather than competing with them. The financial advisor handles the technical process of the offering and pricing. We prepare the institution from within so it is ready for that process. We work in close coordination with the legal and financial advisors.
Yes. We provide post-listing support services that include continuous regulatory compliance, developing periodic disclosure reports, and supporting ongoing CMA requirements.

Ready to begin your path to listing?

Our team is ready to assess your current situation and define the right path to prepare your company for listing.

The ecosystem

Your readiness is managed within our digital ecosystem

These deliverables do not sit as documents in a drawer. They flow into our digital ecosystem, managed and measured cycle after cycle, so knowledge lives in the system, not in individuals.

Explore the ecosystem