CMCER hires Al Rajhi Capital as financial advisor on transition to TASI

19/03/2024 Argaam
Logo ofCanadian Medical Center Co. (CMCER)

Logo of Canadian Medical Center Co. (CMCER)

Canadian Medical Center Co. (CMCER) appointed Al Rajhi Capital, as financial advisor on its transition from Nomu-Parallel Market to the main market (TASI), in place of the previously-announced Aldukheil Financial Group, as per the requirements of the newly-amended listing rules.

 

The transition is subject to the approval of the Saudi Exchange (Tadawul) and is conditional on fulfilling all requirements stipulated in the listing rules, the company said in a Tadawul filing today, March 19.

 

Any developments in this regard will be announced in due course, it added.

 

The company's board of directors approved, on July 9, 2023, the transition from Nomu to Tadawul. It had formerly appointed Aldukheil Financial as financial advisor on the move, according to Argaam's data.

 

The listing and trading of CMCER’s shares on Nomu started on Aug. 2, 2021. The company’s capital is SAR 77 million, divided into 77 million shares.

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