Logo of Al-Modawat Specialized Medical
Al-Modawat Specialized Medical Co. issued today, Dec. 21, its prospectus to float 475,000 shares on the Nomu-Parallel Market.
The shares to be offered represent 20% of the post-IPO capital, which amounts to SAR 23.75 million.
On Sept. 28, the company obtained the Capital Market Authority’s (CMA) approval on the offering, which will run from Jan. 28 to Feb. 5, 2024.
The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.
Al-Modawat is a closed Saudi joint stock company that was established in Muhayil Asir in 2014 under the name Muhayl National Hospital Co. It currently operates with SAR 19 million in capital.
The company's activities, according to its commercial register, include medical operation of hospitals, day surgery centers, as well as pharmacy and drug store activities.
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Company Profile |
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Company |
Al-Modawat Specialized Medical Co. |
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Market |
Nomu-Parallel Market |
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Core Activities |
Hospital Medical operations |
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Capital |
SAR 19 mln |
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Capital after IPO |
SAR 23.75 mln |
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Number of Shares after IPO |
2.37 mln |
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IPO Summary |
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Issue Percentage |
20% of post-increase capital (which represents 25% pre-increase capital) |
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Offered shares |
475,000 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
118,510 shares |
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Offer period |
From Jan. 28 to Feb. 5, 2024 |
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Final Allocation |
Feb. 11, 2024 |
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Refund (if any) |
Feb. 13, 2024 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of shares (‘000 shares) |
Ownership (%) |
Number of shares (‘000 shares) |
Ownership (%) |
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Values Holding Co. |
1434.5 |
75.50% |
1434.5 |
60.40% |
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Abdullah Ibrahim Mohammed Al-Yahia |
93.10 |
4.90% |
93.10 |
3.92% |
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Yahia Ibrahim Mohammed Al-Yahia |
93.10 |
10.25% |
93.10 |
3.92% |
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Yousef Ibrahim Mohammed Al-Yahia |
93.10 |
4.90% |
93.10 |
3.92% |
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Majd Ibrahim Mohammed Al-Yahia |
93.10 |
4.90% |
93.10 |
3.92% |
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Aziza Faez Zaher Henta |
93.10 |
4.90% |
93.10 |
3.92% |
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Qualified Investors |
-- |
-- |
475.00 |
20.00% |
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Total |
1,900.00 |
100% |
2,375.00 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
Yaqeen Capital |
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