Al Razi Medical issues prospectus for 20% IPO on Nomu

Logo of Al Razi Medical Co.

Al Razi Medical Co. issued today, May 7, its prospectus to float 304,000 shares, or 20% of its SAR 15.2 million capital, on Nomu-Parallel Market.

The share sale will run from June 4-6 for qualified investors. 

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).

Al Razi Medical is a closed Saudi joint stock company, established as a sole proprietorship in 2006. It is headquartered in Al Badayea city.

The company’s activity, as per its commercial register, is represented in the pharmacy activity. Its current activity is in storage, sale and marketing of pharmaceuticals, medical preparations and cosmetics.

CMA approved, on April 3, the application submitted by the company to offer its shares on Nomu.