Logo of Future Care Trading Co.
Future Care Trading Co. issued today, June 26, the registration document for the direct listing of its shares on Nomu-Parallel Market, said Marifa Capital, financial advisor on the company’s potential initial public offering (IPO).
On June 7, the Capital Market Authority (CMA) approved Future Care’s application to register its shares for direct listing on Nomu, according to data available with Argaam.
Trading these shares will be limited to qualified investors.
Established in 2016, the Jeddah-based company mainly operates in providing home healthcare and laboratory services.
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Company Profile |
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Company |
Future Care Trading Co |
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Market |
Nomu-Parallel Market |
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Core Activities |
Home healthcare and laboratory services |
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Status |
Active |
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Capital |
SAR 50 mln |
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Direct Listing Highlights |
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Number of Shares |
5 mln |
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Nominal Value |
SAR 10/share |
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Price guidance |
SAR 90 |
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Method of Setting Opening Price |
The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only. |
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Qualified Investors |
Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). Qualified investor categories. |
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Company Shareholders |
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Shareholders |
Before Direct Listing |
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Number of Shares (‘000) |
Ownership |
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Fahad Hasher |
1650 |
33.0% |
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Ghada Naghi |
1650 |
33.0% |
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Ahmed Naghi |
250 |
5.0% |
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Amjad Al-Zahrani |
177 |
3.54% |
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Abdulaziz Fahad Hasher |
177 |
3.54% |
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Alhanouf Hasher |
177 |
3.54% |
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Abdulaziz Nassir Hasher |
177 |
3.54% |
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Azza Al-Ghamdi |
177 |
3.54% |
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Mansour Hasher |
177 |
3.54% |
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The Public (59 shareholders) |
388 |
7.76% |
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Total |
5000 |
100% |
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Additional Info |
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Financial Advisor |
Marifa Capital |
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