Qualified investors commence subscription to 20% of Naba Alsaha shares

Logo of Naba Alsaha Medical Services Co.

Qualified Investors will start subscribing today, Aug. 8, to 1.4 million shares representing 20% of Naba Alsaha Medical Services Co.’s share capital, which will be listed in the Nomu-Parallel Market at an offer price of SAR 57 per share. The subscription period will last until 04:00 p.m., Sunday evening, Aug. 14.

The subscription will be available to qualified investors who can trade in the parallel market via the electronic channels of the Receiving Entities, Derayah Financial Co. and Al Rajhi Bank during the offering period.

Aldukheil Financial Group, the company’s financial advisor stated that qualified investors can subscribe to a maximum of three hundred and 343,000 shares, and a minimum of 10 shares.

Also, the financial advisor, added that the offering will be confined to the qualified investors defined as follows:

- Capital Market Institutions acting for their own account.

- Clients of a Capital Market Institution authorized by the Authority to conduct managing activities provided that this Capital Market Institution has been appointed as an investment manager on terms which enable it to make decisions concerning the acceptance of an offer and investment in the Parallel Market on the client’s behalf without obtaining prior approval from the client.

- The government of the Kingdom, any government body, any supranational authority recognized by the Authority or the Exchange, and any other stock exchange recognised by the Authority or the Depository Center.

- Government-owned companies either directly or through a portfolio managed by a Capital Market Institution authorized to carry out managing activities.

- Companies and funds established in a member state of the Cooperation Council for the Arab States of the Gulf.

- Investment Funds.

- Non-resident foreigners permitted to invest in the Parallel Market and who meet the requirements stipulated in the Guidance Note for the investment of Non-Resident Foreigners in the Parallel Market.

- Qualified foreign financial institutions.

- Any other legal persons allowed to open an investment account in the Kingdom and an account at the Depository Center

- Natural persons allowed to open an investment account in the Kingdom and an account at the Depositary Center, and fulfil any of the following criteria:

1) has conducted transactions in security markets of not less than 40 million Saudi riyals in total, and not less than ten transactions in each quarter during the last twelve months.

2) his net assets are not less than 5 million Saudi Riyals.

3) works or has worked for at least three years in the financial sector.

4) holds the General Securities Qualification Certificate which is recognized by the Authority.

5) holds professional certificate that is related to securities business and accredited by an internationally recognized entity.

- Any other persons prescribed by the authority

For more information and details related to subscription, please refer to the prospectus and the supplementary prospectus published on the websites of Naba Alsaha Medical Services Company (www.nams.sa), Aldukheil Financial Group (www.aldukheil.com.sa), the Capital Market Authority (www.cma.org.sa), or the Saudi Exchange Co. (Tadawul) (www.saudiexchange.sa).

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