Basma Adeem to debut on Nomu on Feb. 3

30/01/2025 Argaam
Logo ofBasma Adeem Medical Co.

Logo of Basma Adeem Medical Co.

The Saudi Exchange (Tadawul) announced that shares of Basma Adeem Medical Co. will start trading on the Nomu-Parallel Market on Feb. 3, with the symbol 9626 and ISIN Code SA168G24MD19.

 

The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

 

For More IPOs

 

The Securities Depository Center Co. (Edaa) said the company’s subscribed securities were deposited today, Jan. 30, into the accounts of eligible shareholders.

 

According to Argaam data, Basma Adeem earlier floated four million shares, or 25% of the company's pre-IPO capital, currently valued at SAR 16 million, divided into 16 million shares with a nominal value of SAR 1 each. These shares also make up 20% of the post-IPO capital.

 

The final offering price was set at SAR 4.40 per share, with a coverage rate of 198.27%.

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