Logo of Miral Dental Group
Miral Dental Group announced the registration document for the direct listing its shares on Nomu-Parallel Market.
The company set price guidance at SAR 100 per share.
In March, the Capital Market Authority (CMA) approved the company’s application to list its shares on Nomu, Argaam earlier reported.
Trading of the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.
The company was established in Riyadh in 2002 as a sole proprietorship and then transformed into a closed joint stock company in 2021. Its activities, as stated in its commercial register, are specialized medical complexes and medical clinics. Meanwhile, the company’s current actual activity is therapeutic and cosmetic dental clinics.
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Company Profile |
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Company |
Miral Dental Group |
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Market |
Nomu-Parallel Market |
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Core activities |
Medical complexes |
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Status |
Active |
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Capital |
SAR 20 mln |
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Direct Listing Profile |
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Number of shares |
2 mln |
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Stock par value |
SAR 10 |
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Share price guidance upon listing |
SAR 100 |
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Method of setting share 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 limit.
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 |
- QFIs - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply) |
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Company Shareholders |
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Shareholders |
Pre-Direct Listing |
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Number of shares (‘000) |
Ownership (%) |
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Mohammed Ibrahim Abdul Karim Al-Obaida |
340.0 |
17% |
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Sami Abdullah Dakhil Allah Al-Saeed |
340.0 |
17% |
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Abdul Rahman Abdullah Hamoud Al Luhaidan |
340.0 |
17% |
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Fahd Abdullah Saleh Al-Tasan |
340.0 |
17% |
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Abdul Mohsen Abdullah Abdul Mohsen Al-Jammaz |
340.0 |
17% |
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Ibrahim Mansour Mohammed Al-Rajhi |
240.0 |
12% |
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Fares Mansour Mohammed Al-Rajhi |
60.0 |
3% |
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Total |
2000.00 |
100% |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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