Jana Medical gets CMA nod to float 642,500 shares on Nomu

Logo of Jana Medical Co. 

Jana Medical Co. obtained today, June 13, the Capital Market Authority's (CMA) approval to register and offer 642,500 shares, representing 20% of its share capital, on the Nomu-Parallel Market.

 

The offer will be confined to qualified investors, as stipulated in the glossary of defined terms used in the CMA's rules and regulations.
 
The prospectus will be published within sufficient time prior to the start of the offering.

 

For More IPOs

 

The approval will be valid for six months from the CMA resolution date. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

 

Established in 2014 in Riyadh, Jana Medical Co. operates in the field of medical supplies and devices for anesthesia, neurosurgery, spine and ENT. It has three subsidiaries: Jana Medical Company Factory, Excellent Medical Care Company, and Elite Medical Care Company.

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