ProMedEx publishes prospectus to offer 30% of capital on Nomu

Logo of Professional Medical Expertise Co. (ProMedEx)

Professional Medical Expertise Co. (ProMedEx) announced the prospectus to float 1.05 million shares, representing 30% of its capital reaching SAR 35 million, on Nomu-Parallel Market.

The offer will run from July 9-16, 2023. It will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).

Headquartered in Dhahran, ProMedEx is a closed joint stock company established in 2009.

The company mainly operates in importing and exporting medical implants, devices, and high-tech consumables, in addition to selling them to hospitals as well as private and governmental medical centers across the Kingdom.

On March 27, the CMA approved ProMedEx's application to float 30% of its capital on Nomu, according to data available with Argaam.

Company Profile
Company	Professional Medical Expertise Co. (ProMedEx)
Market	Nomu-Parallel Market
Core Activities	Medical services
Capital	SAR 35 mln

IPO Summary
Issue Percentage	30%
Offered Shares	1.05 mln
Minimum Limit	10 shares
Maximum Limit	174,999 shares
Offer Period	July 9-16, 2023
Final Allocation	July 19, 2023
Refund (If any)	July 23, 2023

Company Shareholders
Shareholders	Pre-IPO		Post-IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (‘000 shares)	Ownership (%)
Al Omran Holding	1750	50%	1575	45%
Second Healthcare Company for Trading	1400	40%	700	20%
Riyad Abdullah Abunayyan	350	10%	175	5%
Qualified Investors	--	--	1050	30%
Total	3500	100%	3500	100%

Additional Information
Financial Advisor and Lead Manager	Saudi Fransi Capital

For More IPOs

Issues Prospectus

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