Here’s what you need to know about Naba Alsaha that plans Nomu listing

Logo of Naba Alsaha Medical Services Company

Naba Alsaha Medical Services Company started its activity in the health care sector in 1984 with capital of SAR 70 million.

In mid-June, the Capital Market Authority (CMA) approved Naba Alsaha’s application to register and offer 1.4 million shares, or 20% of its capital, on Nomu-Parallel Market.

The company is currently operating and managing Alzahra General Hospital, an integrated hospital accredited by the Saudi Central Board for Accreditation of Health Institutions (CBAHI). Alzahra General Hospital provides a variety of services, including outpatient clinics, surgery, intensive care, emergency, laboratory, and the integrated radiology center.

In addition to Alzahra General Hospital, Naba Alsaha manages and operates Manarat Al-Haramain Pharmacy which provides its services to Alzahra General Hospital patients as well as to other patients.

Through the company maintenance services branch, all maintenance services are provided to Alzahra General Hospital such as maintenance of electrical systems, air conditioning, gas systems, and electromechanical systems. Based on the experience it has gained, the company aims at expanding in this field to provide maintenance services for other health facilities.

In addition to the maintenance branch, Naba Alsaha has recently established a branch for architectural contracting to carry out construction work for the company’s future projects. It is also working to expand in the provision of medical care in other regions in the Kingdom through the opening of an integrated hospital in the city of Riyadh, for which the initial approval for its establishment has been obtained from the Ministry of Health.

Naba Alsaha aims today at increasing its share in the services market by tapping into the robust growth in the Kingdom’s economy, in line with the Kingdom’s Vision 2030 that provides for investment that has been instilled with unlimited support. It targets to develop and diversify the company income sources through expansion of business and improving its quality, the most important of which is investment in the national human personnel.

The Kingdom’s transformation program has been launched to boost the diversity of the Kingdom’s economy and to establish a vital and a vibrant society.

It aims at developing the overall health system, upgrading quality of provided care and services, restructuring the health sector, and enhancing its capabilities and position as an integrated and active sector that considers all community members a top priority. The program also aims at developing a national strategy for the health sector, in participation with all relevant parties in the field, in addition to adopting a detailed and an expanded plan that includes all health parties in the Kingdom.

Major companies and institutions operating in the Kingdom of Saudi Arabia have taken substantial strides in developing their capabilities at all levels. They have worked on developing multiple health projects in the various regions, keeping pace with the technological development in the health field, and furnishing their facilities with modern medical equipment, which made these companies one of the most important ones on a global level.

Despite the public sector being developed and progressed, the health system in the Kingdom does not overlook the effective strategic role of the private sector in this field, which provides advanced and specialized medical services.

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