Jana Medical to debut on Nomu at SAR 44/shr today

Logo of Jana Medical Co.

The Nomu-Parallel Market will witness today, Dec. 1, the listing and trading of shares of Jana Medical Co. under the symbol 9616 and ISIN code SA165GM4M813, at SAR 44 each.

Shares will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

For More IPOs

The company floated 642,500 shares or 20% of post-increase capital on Nomu. The IPO was 150.4% covered.

This is the 25th listing on Nomu this year, including three direct listings, and 22 offerings to qualified investors.

Last year, Nomu witnessed 35 IPOs, including six direct listings, and 29 offerings to qualified investors, in addition to one REIT.

Jana Medical’s listing would bring the number of listed companies on Nomu to 102, in addition to Alwaha REIT Fund.

Established in 2014 in Riyadh, Jana Medical specializes in importing and supplying medical equipment to public and private hospitals across the Kingdom. The company also owns several medical agencies.

Company Profile
Company	Jana Medical Co.
Market	Nomu-Parallel Market
Core Activities	Importing and supplying 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)	Ownership (%)	Number of Shares ('000)	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 (Qualified investors)	--	--	642.5	20.00%
Total	2570	100%	3212.5	100%

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