Twareat issues registration doc for Nomu listing, sets price guidance at SAR 12/shr

Logo of Twareat Medical Center (TMC)

Twareat Medical Center (TMC) issued the registration document for the direct listing of its shares on Nomu-Parallel Market, setting the price guidance at SAR 12 per share.

Earlier this month, the Capital Market Authority (CMA) approved the company’s application for a direct listing on Nomu.

Subscription to the company's shares will be limited to qualified investors as defined in the glossary used in the CMA's regulations and rules.

Twareat, founded in 2013 in Al Khobar, operates across various sectors. Its activities, as per its commercial register, include general construction and the renovation of residential and non-residential buildings.

The company engages in the wholesale trade of medical devices, equipment, and supplies, alongside managing warehouses for medical equipment and products. It also provides operational management for hospitals, general medical complexes, and clinics.

Other services include managing day surgery centers, ambulance transport service centers, and medical laboratories. The company also specializes in home-based healthcare services, mobile medical clinics, telemedicine centers, and the operation of radiology and allied medical services.

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Twareat operates through four business divisions: remote clinics, industrial clinics, medical operations, and medical centers management.