ProMedEx publishes prospectus to offer 30% of capital on Nomu

11/06/2023 Argaam
Logo ofProfessional Medical Expertise Co. (ProMedEx)

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

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

 

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