Lana Medical shares debut on Nomu today

Logo of Lana Medical Co. 

Lana Medical Co. will start trading on the Nomu-Parallel Market today, Dec. 6 under the symbol 9587 and ISIN code SA15TGFKLPH6.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.

Lana earlier floated 720,000 shares on Nomu, representing 20% of the company’s post-IPO capital, or 24% of its pre-IPO capital. Shares were offered at SAR 31 apiece. 

Lana Medical’s listing brings the total number of companies on Nomu in 2023 to 34, including six direct listings and 28 IPOs for qualified investors. 

Nomu saw 32 IPOs last year, including 13 direct listings, 18 offerings for qualified investors, and a real estate investment fund.

Lana Medical’s debut brings the total number of Nomu companies to 78, in addition to the Alwaha REIT Fund.

Company Profile:

Lana Medical was established as a limited liability company in Riyadh in 2010. It converted into a closed joint-stock company in 2020. It currently operates with SAR 30 million capital.

The company's activities, as stated in its Articles of Association, include all activities related to the medical fields, such as medical industries, therapeutic services, other related and complementary industries, and any other activity, including treating and recycling medical waste, inside Saudi Arabia and abroad.

Lana Medical’s activities, as stated in its commercial register, include manufacturing of disinfectants and sterilizers for medical devices and products, surgical and fracture dressings, medical padding, surgical sutures, medical cotton, pharmaceutical materials used in the production of medicines and pharmaceutical materials used in the manufacture of vitamins.

The company also manufactures health or pharmaceutical items from rubber, cans and boxes from plastics, bags from plastics, equipment, tubes, regular radiological devices and parts thereof for medical, scientific and research purposes, and others.