Speedy Recovery appoints Emkan Alarabiya as financial advisor for Nomu listing

Signing ceremony

Speedy Recovery Co. signed a strategic agreement with Emkan Alarabiya, under which the latter will act as financial advisor for the former's initial public offering (IPO) on the Nomu-Parallel Market.

Incepted in 2010, Speedy Recovery is a national limited liability company (LLC) that directly provides medical and telemedicine services to nationals and expats across the Kingdom and via contracting agreements with major medical service providers, pharmacies, and laboratories.

These services are offered through a unified platform and integrated digital applications, in line with the healthcare transformation in Saudi Arabia.

Speedy Recovery said in a statement that its agreement with Emkan represents a qualitative step that will help it capitalize on Emkan’s expertise in implementing the offering strategy while adhering to the applicable regulations.

The company expected the agreement to lead to positive results in line with its aspirations through expansions and strategy development, in addition to offering high-quality services, in light of governance practices and Vision 2030.

Emkan, a licensed financial services firm, provides financing and advisory services in the fields of Nomu IPOs, private placements, syndications, and debt instruments.