Smile Care debuts on Nomu today at SAR 4.40/share

09:49 AM (Mecca time) Argaam Special
Logo ofBasma Adeem Medical Co.

Logo of Basma Adeem Medical Co.


Shares of Basma Adeem Medical Co. (Smile Care) started trading on the Nomu-Parallel Market today, Feb. 3, with the symbol 9626 and ISIN Code SA168G24MD19, at SAR 4.40 apiece.

 

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

 

For More IPOs

 

Smile Care offered four million shares on Nomu, representing 20% of its post-IPO capital, with a coverage ratio of 1981.27%.

 

The company’s post-IPO capital amounted to SAR 20 million, divided into 20 million shares, at a par value of SAR 1 each.

 

This is the fifth listing on Nomu this year, after Shmoh Almadi Co. on Jan. 13, ITMAM Consulting Co.  on Jan. 23 and  Twareat Medical Center and Alshehili Co. for Metal Industries on Jan. 29.


Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors. 

 

Smile Care brings the number of listed companies on Nomu to 109, in addition to Alwaha REIT Fund.

 

Smile Care was founded in 2012 and is based in Riyadh. It was incepted as a limited liability company before becoming a closed joint-stock Saudi company.

 

The company’s actual activity is dentistry, dental treatment and cosmetic services. Its commercial registration lists additional activities, including specialty medical complexes, day surgery centers, medical clinics, and managing the operations of these facilities.

 

Company Profile 

Company 

Basma Adeem Medical Co. (Smile Care)

Market 

Nomu-Parallel Market

Core Activities 

Dental treatment and cosmetic dentistry

Pre-IPO Capital

SAR 16 mln

Current Number of Shares

16 mln

Post-IPO Capital

SAR 20 mln

New Number of Shares

20 mln

Par Value 

SAR 1 per share

 

Company Shareholders

Shareholder

Pre-IPO

Post-IPO

Number of Shares

(‘000)

Ownership (%)

Number of Shares

(‘000)

Ownership (%)

Abdullah Al-Qadeeri

4030.03

25.19%

4030.03

20.15%

Mohammed Al-Buardi

3664.73

22.90%

3664.73

18.32%

Talal Al-Nassar

2748.88

17.18%

2748.88

13.74%

Mohammed Al-Sarhan

2015.67

12.60%

2015.67

10.08%

Treasury Shares

1600.00

10.00%

1600.00

8.00%

Sahmeen Investment

587.09

3.67%

587.09

2.94%

Farraj Al-Balawi

360.00

2.25%

360.00

1.80%

Nora Al-Sunaidi

288.00

1.80%

288.00

1.44%

Ibrahim Al-Oqeili

216.00

1.35%

216.00

1.08%

Abdulaziz Al-Bulaihis

144.00

0.90%

144.00

0.72%

Yazid Al-Buardi

86.40

0.54%

86.40

0.43%

Muteb Al-Qadeeri

86.40

0.54%

86.40

0.43%

Khalid Al-Nassar

86.40

0.54%

86.40

0.43%

Nora Al-Sahli

86.40

%0.54

86.40

0.43%

New Shares for Qualified Investors

--

--

4000

20.00%

Total

16000

100 %

20000

100 %

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