AME Medical shares to debut on Nomu on Jan. 18

Logo of AME Co. for Medical Supplies

The Saudi Exchange (Tadawul) announced that shares of AME Company for Medical Supplies will be listed on Nomu – Parallel Market, and start trading as of Tuesday, Jan. 18, as a direct listing, with the symbol 9527 and ISIN Code SA15GGP4KRH1.

The stock will have +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits, according to a bourse statement.

The Capital Market Authority (CMA) recently approved the registration of AME shares for the purpose of direct listing on Nomu, according to data available with Argaam.

AME 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.