Balsm Alofoq issues prospectus to list 250,000 shares on Nomu

Logo of Balsm Alofoq Medical Co.

Balsm Alofoq Medical Co. issued today, Nov. 3, a prospectus to sell 250,000 shares, or 20% of post-IPO capital (25% of pre-IPO capital), in an initial public offering (IPO) on Nomu-Parallel Market.

For More IPOs

The share sale will run for five working days from Dec. 1-5, 2024

Last September, the Capital Market Authority (CMA) approved the application received from the company to register its shares for direct listing on Nomu-Parallel Market.

The company's actual activity is to provide therapeutic and cosmetic dental services and sell medical supplies. Dental services are provided through two complexes, Balsam Alofoq Medical Dental Complex and Enaya Al-Nahda Medical Complex.

The company has a warehouse for medical devices and supplies licensed by the General Authority for Food and Drug.

Company Profile
Company	Balsm Alofoq Medical Co.
Market	Nomu - Parallel Market
Core Activities	Dentisry
Pre-IPO Capital	SAR 10 mln
Number of Shares	(mln shares)
Post-IPO Capital	SAR 12.50 mln
Number of shares after IPO	1.25 mln
Share Par Value	SAR 10

IPO Summary
Issue Percentage	20% of post-IPO capital (25% of pre-IPO capital)
Offered shares	250,000 shares
IPO Minimum Limit	10 shares
IPO Maximum Limit	62,490 shares
Offer period	The share sale will run for five working days from Dec. 1-5, 2024
Final Allocation	Dec. 10, 2024
Refund (if any)	Dec. 12, 2024

Company Shareholders
Shareholders	Before IPO		After IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Khamis Abdullah Duhailan Al-Harbi	750.00	75%	750.00	60.00%
Ghadeer Khamis Abdullah Al-Harbi	75.00	7.5%	75.00	6.00%
Raghad Khamis Abdullah Al-Harbi	62.50	6.25%	62.50	5.00%
Rami Khamis Abdullah Al-Harbi	43.75	4.38%	43.75	3.50%
Raed Khamis Abdullah Al-Harbi	37.50	3.75%	37.50	3.00%
Ryan Khamis Abdullah Al-Harbi	31.25	3.13%	31.25	2.50%
QFIs	--	--	250.00	20%
Total	1000	100%	1250	100%

Additional Information
Financial Advisor and Lead Manager	Yaqeen Capital
Receiving banks	Alistithmar Capital, Alinma Investment, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Saudi Fransi Capital, SAB Invest, Alkhabeer Capital, Sahm Capital

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