Logo pf Future Care Trading Co.
Future Care Trading Co. will start the direct listing and trading of its shares on Nomu-Parallel Market today, Aug.1, under the symbol 9544.
Shares will trade with ±30% daily and ±10% static price fluctuation limits.
Future Care issued, on June 26, the registration document for the direct listing of its shares on Nomu and set the guidance price at SAR 90/share, Argaam reported.
On June 7, the Capital Market Authority (CMA) approved Future Care’s application to register its shares for a direct listing on Nomu, according to data available with Argaam.
The listing is considered the 20th on Nomu in 2022, including 10 direct listings and 10 share offerings for qualified investors.
Established in 2016, and capitalized at SAR 50 million, the Jeddah-based company primarily provides home healthcare and laboratory services.
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Company Profile |
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Company |
Future Care Trading Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Home healthcare and laboratory services |
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Status |
Active |
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Capital |
SAR 50 mln |
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Direct Listing Highlights |
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Number of Shares |
5 mln |
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Nominal Value |
SAR 10/share |
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Guidance Price |
SAR 90 |
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Method of Setting Opening Price |
The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio. The guidance price is considered a reference only for the fair market value, which is the debut price for the first day only. |
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Qualified Investors |
Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). Qualified investor categories. |
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Additional Info |
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Financial Advisor |
Marifa Capital |
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Company Shareholders |
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Shareholders |
Before Direct Listing |
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Number of Shares (‘000) |
Ownership |
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Fahad Hasher |
1650 |
33.0% |
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Ghada Naghi |
1650 |
33.0% |
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Ahmed Naghi |
250 |
5.0% |
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Amjad Al-Zahrani |
177 |
3.54% |
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Abdulaziz Fahad Hasher |
177 |
3.54% |
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Alhanouf Hasher |
177 |
3.54% |
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Abdulaziz Nassir Hasher |
177 |
3.54% |
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Azza Al-Ghamdi |
177 |
3.54% |
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Mansour Hasher |
177 |
3.54% |
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The Public (59 shareholders) |
388 |
7.76% |
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Total |
5000 |
100% |
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