AME Medical Supplies issues registration document for direct listing on Nomu, sets price guidance

Logo of AME Co. for Medical Supplies

AME Company for Medical Supplies announced today, Dec. 27, the registration document for the direct listing of its shares on Nomu Parallel Market, Aldukheil Financial Group (AFG), the financial advisor of the listing, said in a bourse statement.

Last week, the Capital Market Authority (CMA) approved the registration of AME Medical Supplies shares for the purpose of direct listing on Nomu.

Established in 2009 and headquartered in Jeddah, the company was transformed to a Saudi joint stock company in June 2021.

The company's current capital is SAR 70 million, divided into seven million shares with a nominal value of SAR 10 per share.

AME Medical Supplies’ activities are represented in retailing medical devices, equipment and supplies, according to its commercial register.

The medical supplies company distributes and markets medical products, supplies, equipment and devices used mainly in the field of cosmetics and plastic surgery in Saudi Arabia.

The company set the price guidance per share at SAR 50.

AME Medical Supplies' Shareholders
Shareholders	Before Direct Listing
Shareholders	No. of shares ('000)	Ownership percentage
Ezdihar Al-Oula Medical Co.	1500.1	21.43 %
Ali Mohammed Deeb Ali Eed	1050.0	15.00 %
Mawadda Ali Deeb Eed	189.0	2.70 %
Tala Ali Mohammed Deeb Eed	189.0	2.70 %
Ahmed Saud Hamza Ghouth	50.0	0.71 %
Hisham Omar Ali Baroom	50.0	0.71 %
Public (78 shareholders)	3971.9	56.74 %
Total	7000.0	100%

Company Profile
Company	AME Medical Supplies
Market	Nomu Parallel Market
Core Activities	Retailing of medical devices, equipment and supplies
Status	Active
Capital	SAR 70 mln

Direct Listing Profile
Number of Shares	7 mln
Nominal Value	SAR 10/share
Price guidance	SAR 50
Method of Setting Opening Price	The share opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. 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	- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). - Qualified investors categories

Additional Information
Financial advisor	Aldukheil Financial Group (AFG)

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