Nahdi Medical shares rise 15% to SAR 150 on debut

Logo of Nahdi Medical Co.

Shares of Nahdi Medical Co. leapt 15% to close today, March 22, at SAR 150, compared to its listing price of SAR 131. 

Nearly 14.1 million shares were traded through around 115,400 transactions valued at more than SAR 2.14 billion.

The medical services provider listed on the Saudi Exchange (Tadawul) today in the food and staples retailing industry group, under the ticker 4164 and ISIN Code SA15HG521213. 

Nahdi offered 39 million shares, or 30% of its share capital on the main market, at SAR 131 per share, of which 90% were allocated to the participating parties and 10% to individual investors, according to data available with Argaam.

Allocation was set at three shares minimum per retail subscriber.