Canadian Medical Center issues registration document for direct listing on Nomu

Logo of Canadian Medical Center

Canadian Medical Center (CMC) issued today, July 1, the registration document for the direct listing of its shares on Nomu Parallel Market.

The Capital Market Authority (CMA) approved on June 28, the registration of Canadian Medical Center’s shares for the purpose of direct listing on Nomu.

CMC set the price guidance at SAR 39 per share.

The company has SAR 77 million capital, divided into 7.7 million shares.

CMC was established in 2008 as a sole proprietorship. In 2016, it was transformed into a limited liability company.

In 2019, CMC merged with Advanced Medical Clinics Co. After the merger, Advanced Medical Clinics became a branch of CMC – Khobar with all rights and liabilities.

CMC, which is headquartered in Dammam, has no commercial operations or assets outside the Kingdom.

The company operates mainly in medical centers business and the implementation of the medical clinic project contracts.

CMC operates three medical centers in Dammam, Khobar and Abqaiq. It provides health services under various specialties.

The company also leased the Abqaiq center but the new facility has not been officially launched to date. The Abqaiq center is expected to be inaugurated in H2 2021.

CMC signed contracts with several entities operating in the Kingdom, mainly drilling and contracting companies in the oil and gas sector. It signed a contract with Saudi Aramco, under which it provides medical services at the company’s project sites across the Kingdom.

Company Shareholders
Shareholders	Before the direct listing
Shareholders	Number of shares (,000 shares)	Stake%
Khalid Mohammed Farhan Alammar Aldosari	2310.00	30.00 %
Khalifa Abdullatif Abdullah AlMulhem	2310.00	30.00%
Abdulaziz Faisal Alburaikan	359.98	4.68%
Khalifa Abdullatif AlMulhem Holding Co.	227.90	2.96%
Musaied Musaed Mohammed Abdulaziz Almineefi	222.99	2.90%
Waddah Mohammed Farhan Alammar Aldosari	154.00	2.00%
Sondos Khalid Abdulaziz Almuhaideb	154.00	2.00%
Fuloat Najd Real Estate Co.	115.50	1.50%
Public (50 shares)	1845.63	23.97%
Total	7700.00	100.00%

Company Profile
Company	Canadian Medical Center (CMC)
Market	Nomu Parallel Market
Core Activities	Healthcare sector
Status	Active
Capital	SAR 77 mln

Information about the Direct Listing
Number of shares	7.7 mln shares
Share par value	SAR 10
Share price guidance upon listing	SAR 39
Method of setting share opening price	The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio. The price guidance is a reference for the fair market value, and is also the debut price.
Those eligible to trade the stock	- Current shareholders (except for owners of 5% of more, to whom the lock-up period shall apply. - Qualified investors

Additional Information
Financial Advisor	Aldukheil Financial Group

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Popular Links

Quick Links

About Us

Join Us

Follow Us