Logo of Twareat Medical Center (TMC)
Twareat Medical Center (TMC) began trading on the Nomu-Parallel Market today, Jan. 29, with the symbol 9627 and ISIN Code SA168G64MDH4, at SAR 12/share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.
On Dec. 9, 2024, the Capital Market Authority (CMA) approved Twareat’s application to list its shares on Nomu, Argaam earlier reported.
Three days earlier, the company released its registration document to list on Nomu, setting a price guidance of SAR 12 per share.
This is the fourth listing on Nomu this year, including one direct listing and three offerings to qualified investors.
Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.
Twareat and Alshehili Co. bring the number of listed companies on Nomu to 108, in addition to Alwaha REIT Fund.
Key background
Twareat, founded in 2013 in Al Khobar, operates across various sectors. Its activities, as per its commercial register, include general construction and the renovation of residential and non-residential buildings.
The company engages in the wholesale trade of medical devices, equipment, and supplies, alongside managing warehouses for medical equipment and products. It also provides operational management for hospitals, general medical complexes, and clinics.
Other services include managing day surgery centers, ambulance transport service centers, and medical laboratories. The company also specializes in home-based healthcare services, mobile medical clinics, telemedicine centers, and the operation of radiology and allied medical services.
Twareat operates through four business divisions: remote clinics, industrial clinics, medical operations, and medical centers management.
|
Company Profile |
|
|
Company |
Twareat Medical Center |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
Medical care services |
|
Status |
Active |
|
Capital |
SAR 40 mln |
|
Direct Listing Profile |
|
|
Offer shares |
40 mln |
|
Par value |
SAR 12 |
|
Price guidance |
SAR 1 |
|
Method of setting opening price |
Based on the supply and demand for the stock through the pre-opening auction mechanism. During this period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a ±30% daily fluctuation limit.
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. |
|
Qualified investors |
Qualified investors and current shareholders (excluding owners of 5% or more, to whom the lock-up period shall apply) |
|
Shareholder |
Pre-Direct Listing |
|
|
Number of shares (mln) |
Ownership (%) |
|
|
Tarek Al-Hamdan* |
11.67 |
29.18 |
|
AYYAN Investment |
10 |
25.00 |
|
Bait Lulua Co. |
4.61 |
11.53 |
|
Abdullah Al-Hamdan |
2.60 |
6.49 |
|
Amer Al-Amer |
1.56 |
3.90 |
|
Khalid Al-Hamdan |
1.56 |
3.90 |
|
Others owning a <3% stake (121 shareholders) |
8 |
20 |
|
Qualified investors |
-- |
-- |
|
Total |
40 |
100% |
*Chairman Tarek Al-Hamdan indirectly holds 11.53% of the company via full ownership of Bait Lulua, a shareholder in Twareat.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}