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Almodawat Specialized Medical to float shares on Nomu

Almodawat Specialized Medical to float shares on Nomu
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Riyadh – Mubasher: Almodawat Specialized Medical Company plans to list 475,000 ordinary shares, accounting for 20% of its total shares, on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

Yaqeen Capital Company, the financial advisor and lead manager for the potential transaction, pointed out that the offering period will take place from 28 January to 5 February 2024.

Meanwhile, the price of the final offering will be disclosed following the book-building period, according to a bourse filing.

Tadawul passed the company’s Nomu listing on 2 July 2023, while the Capital Market Authority (CMA) granted its approval on 27 September this year.