Logo of Balsm Alofoq Medical Co.
Balsm Alofoq Medical Co. issued today, Nov. 3, a prospectus to sell 250,000 shares, or 20% of post-IPO capital (25% of pre-IPO capital), in an initial public offering (IPO) on Nomu-Parallel Market.
The share sale will run for five working days from Dec. 1-5, 2024
Last September, the Capital Market Authority (CMA) approved the application received from the company to register its shares for direct listing on Nomu-Parallel Market.
The company's actual activity is to provide therapeutic and cosmetic dental services and sell medical supplies. Dental services are provided through two complexes, Balsam Alofoq Medical Dental Complex and Enaya Al-Nahda Medical Complex.
The company has a warehouse for medical devices and supplies licensed by the General Authority for Food and Drug.
Company Profile |
|
Company |
Balsm Alofoq Medical Co. |
Market |
Nomu - Parallel Market |
Core Activities |
Dentisry |
Pre-IPO Capital |
SAR 10 mln |
Number of Shares |
(mln shares) |
Post-IPO Capital |
SAR 12.50 mln |
Number of shares after IPO |
1.25 mln |
Share Par Value |
SAR 10 |
IPO Summary |
|
Issue Percentage |
20% of post-IPO capital (25% of pre-IPO capital) |
Offered shares |
250,000 shares |
IPO Minimum Limit |
10 shares |
IPO Maximum Limit |
62,490 shares |
Offer period |
The share sale will run for five working days from Dec. 1-5, 2024 |
Final Allocation |
Dec. 10, 2024 |
Refund (if any) |
Dec. 12, 2024 |
Company Shareholders |
||||
Shareholders |
Before IPO |
After IPO |
||
Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
|
Khamis Abdullah Duhailan Al-Harbi |
750.00 |
75% |
750.00 |
60.00% |
Ghadeer Khamis Abdullah Al-Harbi |
75.00 |
7.5% |
75.00 |
6.00% |
Raghad Khamis Abdullah Al-Harbi |
62.50 |
6.25% |
62.50 |
5.00% |
Rami Khamis Abdullah Al-Harbi |
43.75 |
4.38% |
43.75 |
3.50% |
Raed Khamis Abdullah Al-Harbi |
37.50 |
3.75% |
37.50 |
3.00% |
Ryan Khamis Abdullah Al-Harbi |
31.25 |
3.13% |
31.25 |
2.50% |
QFIs |
-- |
-- |
250.00 |
20% |
Total |
1000 |
100% |
1250 |
100% |
Additional Information |
|
Financial Advisor and Lead Manager |
Yaqeen Capital |
Receiving banks |
Alistithmar Capital, Alinma Investment, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Saudi Fransi Capital, SAB Invest, Alkhabeer Capital, Sahm Capital |
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