Albilad Cap says Nahdi shares Shariah-compliant

Logo of Nahdi Medical Co.

Shares of Nahdi Medical Co. are classified as compliant with Shariah, with no purification rate, Albilad Capital said on its Twitter account.

According to data compiled by Argaam, the medical services provider is floating 39 million shares, or 30% of its capital on the Saudi Exchange (Tadawul).

Nadhi started, on March 13, retail subscription to about 3.9 million shares, representing 10% of the IPO shares, at SAR 131 each, as set by the book building process.