Basma Adeem sets IPO price range on Nomu at SAR 4-4.4/shr

08/01/2025 Argaam
Logo ofBasma Adeem Medical Co.

Logo of Basma Adeem Medical Co.

The price range of Basma Adeem Medical Co.’s initial public offering (IPO) on the Nomu-Parallel Market has been set between SAR 4 and SAR 4.4 per share, according to Yaqeen Capital Co., the financial advisor and lead manager of the potential IPO.

 

The book-building process for qualified investors will run from Jan. 13 to 19, the company said in a statement on Tadawul.

 

For More IPOs

 

According to data available with Argaam, Basma Adeem intends to offer 4 million shares. The offered shares represent 25% of the company's pre-IPO capital of SAR 16 million (divided into 16 million shares) at a nominal value of SAR 1 per share.

 

These shares shall represent 20% of the company’s SAR 20 million post-IPO capital.

 

Riyadh-based Basma Adeem was founded in 2012 as a limited liability company before becoming a closed joint-stock Saudi company.

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