Logo of Nahdi Medical Co.
Shares of Nahdi Medical Co. will begin trading on the Saudi Exchange (Tadawul) today, March 22, under the food and staples retailing industry group, with the symbol 4164 and ISIN Code SA15HG521213.
The daily price fluctuation limits of ±30% and static price fluctuation limits of ±10% will be applied during the first three days of the listing.
These fluctuation limits will be applied during the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10% and the static price fluctuation limits will no longer apply.
This will be the fifth listing on the main market in 2022, after Elm Co., East Pipes Integrated Company for Industry, Scientific & Medical Equipment House Co. in February and Al-Dawaa Medical Services Co. in March.
Last year witnessed nine listings, including Alkhorayef Water and Power Technologies Co. on March 1, Theeb Rent a Car Co. (March 29), Tanmiah Food Co. (Aug. 4), solutions (Sept. 30), ACWA Power (Oct. 11), Arabian Contracting Services Co. (Nov. 15), Nayifat Finance Co. (Nov. 22), Saudi Tadawul Group (Dec. 8), and Almunajem Foods Co. (Dec. 20).
The company's listing will bring the total number of Tadawul-listed companies to 197, excluding 17 REITs.
The medical services provider offered 39 million shares, or 30% of its share capital on the main market, at SAR 131 per share, of which 90% was allocated to the participating parties and 10% to individual investors, according to data available with Argaam.
Allocation was set at three shares minimum per retail subscriber.
Company Profile
Established in 1986 as a sole proprietorship, Nahdi Medical currently has a capital of SAR 1.3 billion divided into 130 million shares.
The company's main activities include pharmacy activities, drug warehouse activities, retail sales of equipment and medical supplies, in addition to wholesale of medical equipment and appliances.
The retail pharmacy chain provides its services through a network of 1,151 stores spread across 144 cities and villages, representing 97% of the Kingdom's population, in addition to managing three distribution centers across the Kingdom.
Nahdi Medical Co. is the largest retail company in the pharma sector in Saudi Arabia, with total sales reaching SAR 9.1 billion in 2020.
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Company Profile |
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|
Company |
Nahdi Medical Co. |
|
Market |
Saudi Exchange (Tadawul) |
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Core Activities |
Pharmacy activities |
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Capital |
SAR 1.3 bln |
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Number of Shares |
130 mln |
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Company Shareholders |
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Shareholders |
After IPO |
|
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Number of Shares (mln shares) |
Ownership (%) |
|
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SEDCO Holding |
45.50 |
35% |
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Al Nahdi Holding |
45.50 |
35 % |
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Public |
39.00 |
30% |
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Total |
130.00 |
100% |
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