Logo of Al-Hokail Academy Specialized Digital Polyclinics Co.
Al-Hokail Academy Specialized Digital Polyclinics Co. issued today, June 29, its prospectus to float 2.03 million shares on the Nomu-Parallel Market.
The offered shares represent 29% of the company’s capital, which amounts to SAR 70 million.
In March, the Capital Market Authority (CMA) approved the company's application to float its shares on Nomu.
The offering will run from July 17-21, 2024.
The targeted participants are retail and non-retail qualified investors.
A maximum of 203,000 shares, representing 10% of the total IPO shares, will be allocated to qualified retail investors, while 2.03 million shares, or 100% of the total IPO shares, will be allocated to non-retail qualified investors.
In the event that qualified retail investors subscribe fully to their allocated shares, the lead manager has the right to reduce the number of shares allocated to qualified non-retail investors to a minimum of 1.83 million shares, representing 90% of the total IPO shares.
Al-Hokail Academy is a closed Saudi joint stock company that was established as a branch of a sole proprietorship owned by Amjad Abdulaziz Ibrahim Al-Hokail in 2006 in Dammam.
The company's activities, according to its commercial register, include medical operation of hospitals, specialized medical complexes, day surgery centers, alternative and complementary medicine centers, medical laboratories, medical operation of medical complexes and day surgery centers, alternative and complementary medicine complexes, hospitals, mobile medical clinics, general medical complexes, and home medical services centers.
The company currently operates in the obstetrics and gynecology, dermatology, dentistry, otolaryngology, and ophthalmology fields.
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Company Profile |
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Company |
Al-Hokail Academy Specialized Digital Polyclinics Co. |
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Market |
Nomu Parallel Market |
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Core Activities |
Medical sector |
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Capital |
SAR 70 mln |
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Number of Shares |
7 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
29% |
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Offered shares |
2.03 mln |
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Qualified Subscribers |
Retail and non-retail qualified investors |
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IPO Minimum Limit for Retail Investors |
10 shares |
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Minimum Limit for Non-Retail Investors |
10,000 shares |
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Maximum Limit for Retail Investors |
203,000 shares |
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Minimum Limit for Non-Retail Investors |
350,000 shares |
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Subscription Period and Book Building for Non-Retail Investors |
July 7-10, 2024. |
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Retail Offering |
July 17-21, 2024. |
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Final Allocation |
July 23, 2024 |
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Refund (if any) |
July 25 2024 |
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Additional Information |
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Financial Advisor, Lead Manager and Book Runner |
Emirates NBD Capital Saudi Arabia |
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Receiving Banks |
Riyad Capital, Saudi Fransi Capital, Alinma Investment, Aljazira Capital, SNB Capital, ANB Capital, Al Rajhi Capital, Derayah Financial, Alistithmar Capital, Albilad Capital, SAB Invest, and Alkhabeer Capital |
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Company Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
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Amjad Abdulaziz Ibrahim Al-Hokail |
6,514.2 |
93.06% |
4,606.0 |
65.8% |
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Laila Amjad Abdulaziz Al-Hokail |
69.3 |
0.99% |
49 |
0.7% |
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Najd Amjad Abdulaziz Al-Hokail |
69.3 |
0.99% |
49 |
0.7% |
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Al-Anoud Amjad Abdulaziz Al-Hokail |
69.3 |
0.99% |
49 |
0.7% |
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Modi Amjad Abdulaziz Al-Hokail |
69.3 |
0.99% |
49 |
0.7% |
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Abdulaziz Amjad Abdulaziz Al-Hokail |
69.3 |
0.99% |
49 |
0.7% |
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Ruthan Amjad Abdulaziz Al-Hokail |
69.3 |
0.99% |
49 |
0.7% |
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Al-Hokail Academy Specialized Digital Polyclinics Co.* |
70 |
1% |
70 |
1% |
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Qualified investors |
-- |
-- |
2,030 |
29% |
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Total |
70,000 |
100% |
70,000 |
100% |
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