Riyadh – Mubasher: Naba Alsaha Medical Services Company plans to float 1.40 million ordinary shares, representing 20% of its share capital, through an initial public offering (IPO) on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).
Aldukheil Financial Group (AFG), the financial advisor for the potential listing transaction, noted that the offering period will be during 8-14 August 2022, according to a bourse filing Monday.
In addition, AFG pointed out that the offering price will be determined before the subscription period.
Tadawul greenlighted the company’s IPO request on 26 December 2021, while the Capital Market Authority (CMA) granted its approval last June.
