Jana appoints Afaq Capital for subsidiaries listing on Nomu

Logo of Jana Medical Co.

Jana Medical Co. signed an agreement with Afaq Capital to serve as financial advisor for the planned listing of its fully owned subsidiaries, Excellent Medical Care Co. and Excellent Medical Care Co., on Nomu-Parallel Market.

In a statement on Tadawul, Jana said the listing process will unfold in multiple phases. It begins with the agreement signing and continues through regulatory approvals from the Capital Market Authority (CMA) until the actual listing on Nomu.

For More IPOs

On March 6, Jana Medical announced the conversion of two branches into limited liability companies.

Excellent Medical Care focuses on selling medical devices, equipment, and supplies, with a capital of SAR 100,000. Elite Medical Care specializes in wholesale and retail sales of new private vehicles, including ambulances, as well as medical equipment and supplies, also with a capital of SAR 100,000, according to Argaam’s data.