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.
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 storage of medical devices and supplies, licensed by the Saudi for Food and Drug Authority.
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Company Profile |
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Company |
Balsm Alofoq Medical Co. |
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Market |
Nomu - Parallel Market |
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Core Activities |
Dentistry |
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Pre-IPO Capital |
SAR 10 mln |
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Number of Shares |
1 mln |
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Post-IPO Capital |
SAR 12.50 mln |
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Number of Shares after IPO |
1.25 mln |
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Share Par Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
20% of post-IPO capital (25% of pre-IPO capital) |
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Offered Shares |
250,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
62,490 shares |
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Offer Period |
Five working days from Dec. 1-5, 2024 |
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Final Allocation |
Dec. 10, 2024 |
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Surplus Refund (if any) |
Dec. 12, 2024 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Khamis Abdullah Duhailan Al-Harbi |
750.00 |
75% |
750.00 |
60.00% |
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Ghadeer Khamis Abdullah Al-Harbi |
75.00 |
7.5% |
75.00 |
6.00% |
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Raghad Khamis Abdullah Al-Harbi |
62.50 |
6.25% |
62.50 |
5.00% |
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Rami Khamis Abdullah Al-Harbi |
43.75 |
4.38% |
43.75 |
3.50% |
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Raed Khamis Abdullah Al-Harbi |
37.50 |
3.75% |
37.50 |
3.00% |
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Ryan Khamis Abdullah Al-Harbi |
31.25 |
3.13% |
31.25 |
2.50% |
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Qualified investors |
-- |
-- |
250.00 |
20% |
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Total |
1000 |
100% |
1250 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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Receiving Entities |
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, Derayah Financial |
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