Today, Sunday, July 9, 2023, qualified investors will start subscribing to 1.05 million shares of the Specialized Medical Services Company, to be listed on the Nomu parallel market.
The shares that the company intends to offer represent 30% of its capital after the subscription amounting to 35 million riyals, which is divided into 3.5 million shares, and the price range has been set between 63 and 68 riyals per share.
The subscription period for qualified investors in the offering shares will continue for a period of 8 days, to end on Sunday, July 16, 2023.
With the subscription of the Specialized Medical Services Company today, the number of subscriptions witnessed by the parallel market, Nomu, during the current year, reaches 14 subscriptions, after the subscription of Waja Company on February 12, Bena for Steel Industries and Knowledge Network on February 26, Food Horizons Company on March 5, and each From the Sultan’s Food and Commercial Food Gate on March 12, and the Saudi Company for Lime Industries and Meyaar Company on March 19, Al Munif for Trade and Industry on May 14, Tam Development Company on May 21, Al-Razi Medical Company and Saudi Cool Commercial Company on June 4, and Abd Company Al-Aziz Bin Ahmed Al-Tuwaijri Trading on June 11th.
The parallel market, Nomu, witnessed during the past year 19 subscriptions, which included Jazz Arabia Services Company, Raoum Trading Company, Al-Jouf Healthy Water Factory Company, a medical company, Vadico Company, Laden Investment Company, Amwaj International Company, and Saudi Networks Services Company. The International Human Resources Company, Health Spring Company for Medical Services, Arab Plastic Industry, Al-Babtain Foodstuff, Knowledge Tower, Mulan IPO for Iron Products, Al-Rayyan Advanced Industries, Saudi Summit Trade, Lin Al-Khair Trading Company, Nufuth for Food Products, in addition to the Oasis REIT Fund.
It is noteworthy that the Capital Market Authority had approved, on March 27, the company's request to register and offer its shares in the parallel market.
Subscription in the Offer Shares is limited to qualified investors, who are:
- Financial market institutions acting for their own account.
- Clients of a financial market institution licensed to practice management business, provided that the financial market institution has been appointed with conditions that enable it to take decisions regarding accepting participation in the offering and investing in the parallel market on behalf of the client without the need to obtain his prior approval.
- The government of the Kingdom, or any government agency, or any international body recognized by the Authority, or the Market, and any other financial market recognized by the Authority, or the Depository Center.
Government-owned companies, directly or through a portfolio managed by a financial market institution licensed to carry out management business.
- Companies and funds established in the countries of the Cooperation Council for the Arab States of the Gulf.
- investment funds.
- Non-resident foreigners who are allowed to invest in the parallel market and who meet the requirements stipulated in the guideline for the investment of non-resident foreigners in the parallel market.
Qualified foreign financial institutions.
- Any other legal persons who may open an investment account in the Kingdom and an account with the Depositary Center.
- Natural persons who may open an investment account in the Kingdom and an account with the Depositary Center, and who meet any of the following criteria:
1- That he has made transactions in the stock markets, the total value of which is not less than 40 million riyals, and not less than ten transactions in each quarter during the past twelve months.
2- His net asset value should not be less than 5 million riyals.
3- To work or have worked for at least 3 years in the financial sector.
4- To have obtained the General Certificate of Dealing in Securities approved by the Authority.
5- To have a professional certificate specialized in the field of securities business approved by an internationally recognized body.
6- Any other persons specified by the Authority.
information about the company:
The Specialized Medical Services Company is a closed Saudi joint stock company, established in 2009, and its headquarters is in Dhahran.
The company's current actual activities are represented in importing and exporting medical implants, devices, and high-tech consumables, and selling them to hospitals, private and governmental medical centers throughout the Kingdom.
