Al Mujtama Pharmacy Co.
Al Mujtama Pharmacy Co. announced the registration document for listing its shares on Nomu Parallel Market. The company set price guidance at SAR 40 per share.
On October 4, 2022, the Capital Market Authority (CMA) approved Al Mujtama Pharmacy’s application to list its shares on Nomu Parallel Market, Argaam earlier reported.
Trading the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.
The company was established in Jeddah in 2001, as a sole proprietorship and then converted into a joint-stock company in 2013. It operates in the field of operating pharmacies, retail sale of medicines, pharmaceutical products, cosmetics, medical equipment, tools and supplies, and providing pharmaceutical services in the Kingdom of Saudi Arabia.
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Company Profile |
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Company |
Al Mujtama Pharmacy Co. |
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Market |
Nomu Parallel Market |
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Core Activities |
Pharmacy activities |
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Status |
Active |
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Capital |
SAR 95 million |
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Direct Listing Profile |
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Number of shares |
9.5 mln shares |
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Share par value |
SAR 10 |
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Share price guidance upon listing |
SAR 40 |
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Method of setting share opening price |
The opening price of the stock shall be set based on the supply and demand for the stock through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a +/-30% daily fluctuation ratio.
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. |
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Qualified investors |
- QFIs - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). |
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Company Shareholders |
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Shareholders |
Before Direct Listing |
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Number of shares (‘000) |
Ownership (%) |
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Omar Yousef Khoja |
3637.78 |
38.29% |
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Khbeer Althanya Investment Co. |
630.67 |
6.64% |
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Yousef Omar Khoja |
344.86 |
3.63% |
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Abdulaziz Omar Khoja |
205.70 |
2.17% |
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Ahmed Saud Hamza Ghouth |
60.07 |
0.63% |
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Hisham Omar Ali Baroom |
60.07 |
0.63% |
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Other shareholders (97 shareholders) |
4560.86 |
48.01% |
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Total |
9500.00 |
100.00% |
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Additional Information |
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Financial Advisor |
Aldukheil Financial |
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