AME Medical Supplies issues registration document for direct listing on Nomu, sets price guidance

27/12/2021 Argaam

Logo of AME Co. for Medical Supplies


AME Company for Medical Supplies announced today, Dec. 27, the registration document for the direct listing of its shares on Nomu Parallel Market, Aldukheil Financial Group (AFG), the financial advisor of the listing, said in a bourse statement.

 

Last week, the Capital Market Authority (CMA) approved the registration of AME Medical Supplies shares for the purpose of direct listing on Nomu.

 

Established in 2009 and headquartered in Jeddah, the company was transformed to a Saudi joint stock company in June 2021.

 

The company's current capital is SAR 70 million, divided into seven million shares with a nominal value of SAR 10 per share.

 

AME Medical Supplies’ activities are represented in retailing medical devices, equipment and supplies, according to its commercial register.

 

The medical supplies company distributes and markets medical products, supplies, equipment and devices used mainly in the field of cosmetics and plastic surgery in Saudi Arabia. 

 

The company set the price guidance per share at SAR 50.

 

AME Medical Supplies' Shareholders

Shareholders

Before Direct Listing

No. of shares ('000)

Ownership percentage

Ezdihar Al-Oula Medical Co.

1500.1

21.43 %

Ali Mohammed Deeb Ali Eed

1050.0

15.00 %

Mawadda Ali Deeb Eed

189.0

2.70 %

Tala Ali Mohammed Deeb Eed

189.0

2.70 %

Ahmed Saud Hamza Ghouth

50.0

0.71 %

Hisham Omar Ali Baroom

50.0

0.71 %

Public (78 shareholders)

3971.9

56.74 %

Total

7000.0

100%

 

Company Profile

Company 

AME Medical Supplies

Market

Nomu Parallel Market

Core Activities

Retailing of medical devices, equipment and supplies

Status

Active

Capital

SAR 70 mln

 

Direct Listing Profile 

Number of Shares

7 mln

Nominal Value

SAR 10/share

Price guidance 

SAR 50

Method of Setting Opening Price

The share opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.

Qualified investors

- Current shareholders (except for owners of 5% or moreto whom the lock-up period shall apply). 

- Qualified investors categories

 

Additional Information

Financial advisor

Aldukheil Financial Group (AFG)

 

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