Al Razi Medical issues prospectus for 20% IPO on Nomu

Logo of Al Razi Medical Co.

Al Razi Medical Co. issued today, May 7, its prospectus to float 304,000 shares, or 20% of its SAR 15.2 million capital, on Nomu-Parallel Market.

The share sale will run from June 4-6 for qualified investors.

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority (CMA).

Al Razi Medical is a closed Saudi joint stock company, established as a sole proprietorship in 2006. It is headquartered in Al Badayea city.

The company’s activity, as per its commercial register, is represented in the pharmacy activity. Its current activity is in storage, sale and marketing of pharmaceuticals, medical preparations and cosmetics.

CMA approved, on April 3, the application submitted by the company to offer its shares on Nomu.

Company Profile
Company	Al Razi Medical Co.
Market	Nomu-Parallel Market
Core activities	Pharmacy activities
Capital	SAR 15.2 mln

IPO Summary
Issue Percentage	20%
Offered shares	304,000
Minimum limit	10 shares
Maximum limit	74,000 shares
Offer period	June 4-6, 2023
Final Allocation	June 11, 2023
Refund (if any)	June 12, 2023

Company Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	Number of Shares (‘000)	Ownership (%)	Number of Shares (‘000)	Ownership (%)
Yousuf Abdullah Yousuf Al Arini	1141.9	75.1%	994.9	65.5%
Mohammed Abdullah Suleiman Al Saghir	29.2	1.9%	6.9	0.5%
Fawziya Suleiman Abdullah Al Saghir	24.0	1.6%	13.9	0.9%
Mohammed Abdullah Suleiman Ebeid	22.1	1.5%	12.8	0.8%
Others	302.8	19.9%	187.5	12.3%
QFIs	--	--	304.0	20.0%
Total	1520.0	100%	1520.0	100%

Additional Information
Financial Advisor	Team One Co.
Lead Manager	Derayah Financial

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