Jana Medical issues prospectus to list 642,500 shares on Nomu

Logo of Jana Medical Co.

Jana Medical Co. issued today, Oct. 17, the prospectus to list 642,500 shares on Nomu-Parallel Market.

The offered shares represent 20% of post-IPO capital and 25% of pre-IPO capital amounting to SAR 25.7 million.

The company's post-IPO capital will amount to SAR 32.12 million, divided into 3.21 million shares at SAR 10 each.

The share sale will run for nine working days from Nov. 06-14, 2024.

The share sale will be limited to qualified investors on Nomu-Parallel Market.

The Capital Market Authority (CMA) approved, on June 12, the company's application to float its shares on Nomu.

Jana Medical's actual activity is represented in the import and supply of medical equipment for public and private hospitals inside the Kingdom. It also has a number of medical agencies.

Company Profile
Company	Jana Medical Co.
Market	Nomu Parallel Market
Core Activities	Import and supply of medical devices, equipment and supplies
Pre-IPO Capital	SAR 25.7 mln
Number of shares	2.57 mln shares
Post-IPO Capital	SAR 32.13 mln
Number of shares after IPO	3.21 mln
Share Par Value	SAR 10/share

Company Shareholders
Shareholders	Before IPO		After IPO
Shareholders	Number of Shares (‘000 shares)	Ownership (%)	Number of Shares (mln shares)	Ownership (%)
Jana Investment Holding Co.	412.7	16.06%	412.7	12.85%
Eid Sultan Alotaibi	360.3	14.02%	360.3	11.21%
Meteb Sultan Alotaibi	8.9	0.35%	8.9	0.28%
Other shareholders owning less than 5% (7 shareholders)	238.9	9.29%	238.9	7.44%
The public owning less than 5% (814 shareholders)	1549.2	60.28%	1549.2	48.22%
The public (QFIs)	--	--	642.5	20.00%
Total	2570	100%	3212.5	100%

IPO Summary
Issue Percentage	25% of pre-IPO capital 20% of post-IPO capital
Offered shares	642,500 shares
IPO Minimum Limit	10 shares
IPO Maximum Limit	157,400 shares
Offer period	From Nov. 6-14, 2024
Final Allocation	Nov. 19, 2024
Refund (if any)	Nov. 24, 2024

Additional Information
Financial Advisor	Afaq Capital
Lead Manager	Musharaka Capital
Receiving Banks	Alistithmar Capital, Alinma Investment, SNB Capital, Aljazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Derayah Financial, Saudi Fransi Capital, SAB Invest, Alkhabeer Capital, Yaqeen Capital

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