Logo of Miral Dental Group
Miral Dental Clinics Co. started trading on the Nomu-Parallel Market today, May 29, as a direct listing, under the symbol 9604 and ISIN code SA162HI4M217, at SAR 100 per share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.
In March, the Capital Market Authority (CMA) approved the company’s application to list its shares on Nomu, Argaam earlier reported.
Last April, Miral announced the registration document for the direct listing. The company set the price guidance at SAR 100 per share, according to Argaam's data.
This will be the first direct listing on Nomu in 2024, while shares of eight other companies were offered to qualified investors.
In 2023, Nomu witnessed 35 listings, including six direct listings and 29 offerings to qualified investors plus one REIT.
Miral will bring the total number of companies on Nomu to 87, in addition to Alwaha REIT Fund.
Company Profile:
Miral was established in Riyadh in 2002 as a sole proprietorship, before being 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, its 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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Nominal Value |
SAR 10 |
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Price Guidance Upon Listing |
SAR 100 |
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Method of Setting Opening Price |
The opening price shall be set based on the supply and demand for the stock through the pre-opening auction mechanism. During this 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 (Excluding 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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