AME Medical shares debut on Nomu today

Logo of AME Company for Medical Supplies

AME Company for Medical Supplies will begin trading on Nomu – Parallel Market as of today, Jan. 18, as a direct listing, with the symbol 9527 and ISIN Code SA15GGP4KRH1.

The stock will have a ±30% daily price fluctuation limit and ±10% static price fluctuation limit.

The Capital Market Authority (CMA) approved, on Dec. 22, 2021, the registration of AME shares for the purpose of direct listing on Nomu, according to data available with Argaam.

The company announced on Dec. 27, the registration document for the direct listing of its shares on Nomu, setting the price guidance per share at SAR 50.

This is the tenth direct listing on Nomu after Riyadh Cement Co. in September 2020, Watani Iron Steel Co. in February 2021, Fesh Fash Snack Food Production in May 2021, Mohammed Hasan AlNaqool Sons Co. in June 2021 and National Fertilizer Co. in July 2021, Canadian Medical Center, Banan Real Estate in August 2021, National Gas Distribution Co. in September 2021 and Enma Al Rawabi in October 2021.

Company Profile

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.  

Ezdihar Al-Oula Medical Co. is the company's major shareholder before the direct listing, with a 21.43% stake.