Balsm Alofoq issues prospectus to list 250,000 shares on Nomu

03/11/2024 Argaam
Logo ofBalsm Alofoq Medical Co.

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.

 

For More IPOs

 

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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