Logo of Almujtama Alraida Medical Co.
Almujtama Alraida Medical Co.'s shares began trading on the Nomu-Parallel Market today, Nov. 22, under the symbol 9592 and ISIN code SA15U0K4LS18, at SAR 40 per share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.
On Oct. 4, 2023, the Capital Market Authority (CMA) approved Almujtama Alraida’s application to list its shares on Nomu-Parallel Market.
Following Almujtama Alraida's IPO, the number of listings on Nomu reached 30 in 2023, with six direct offerings and 24 offerings for qualified investors.
Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors, and a real estate investment fund.
With the listing of Almujtama Alraida, the number of companies listed on the parallel market reaches 74, in addition to a single real estate fund, Alwaha REIT Fund.
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 fields of operating pharmacies, retail sales 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 |
Almujtama Alraida Medical Co. |
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Market |
Nomu Parallel Market |
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Core Activities |
Pharmaceutical 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 |
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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 |
3,637.78 |
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) |
4,560.86 |
48.01% |
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Total |
9,500.00 |
100.00% |
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