Smile Care debuts on Nomu today at SAR 4.40/share

Logo of Basma Adeem Medical Co.

Shares of Basma Adeem Medical Co. (Smile Care) started trading on the Nomu-Parallel Market today, Feb. 3, with the symbol 9626 and ISIN Code SA168G24MD19, at SAR 4.40 apiece.

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

For More IPOs

Smile Care offered four million shares on Nomu, representing 20% of its post-IPO capital, with a coverage ratio of 1981.27%.

The company’s post-IPO capital amounted to SAR 20 million, divided into 20 million shares, at a par value of SAR 1 each.

This is the fifth listing on Nomu this year, after Shmoh Almadi Co. on Jan. 13, ITMAM Consulting Co.  on Jan. 23 and  Twareat Medical Center and Alshehili Co. for Metal Industries on Jan. 29.

Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors. 

Smile Care brings the number of listed companies on Nomu to 109, in addition to Alwaha REIT Fund.

Smile Care was founded in 2012 and is based in Riyadh. It was incepted as a limited liability company before becoming a closed joint-stock Saudi company.

The company’s actual activity is dentistry, dental treatment and cosmetic services. Its commercial registration lists additional activities, including specialty medical complexes, day surgery centers, medical clinics, and managing the operations of these facilities.