Logo of Naba Alsaha Medical Services Company
Aldukheil Financial Group announced the prospectus of Naba Alsaha Medical Services Company (Naba Alsaha) initial public offering (IPO) on Nomu-Parallel Market.
Naba Alsaha plans to float 1.4 million shares, representing 20% of its share capital.
The IPO Period will begin on Monday, 8 Aug 2022, and will continue until Sunday, 14 Aug 2022.
The Capital Market Authority (CMA) approved, on June 15, Naba Alsaha’s application to register and to offer 1.4 million shares, representing 20% of its share capital on Parallel Market "Nomu".
The offering will be confined to Qualified Investors defined as follows:
- Capital Market Institutions acting for their own account.
- Clients of a Capital Market Institution authorised by the Authority to conduct managing activities provided that this Capital Market Institution has been appointed as an investment manager on terms which enable it to make decisions concerning the acceptance of an offer and investment in the Parallel Market on the client’s behalf without obtaining prior approval from the client.
- The Government of the Kingdom, any government body, any supranational authority recognised by the Authority or the Exchange, and any other stock exchange recognised by the Authority or the Depository Center.
- Government-owned companies either directly or through a portfolio managed by a Capital Market Institution authorised to carry out managing activities.
- Companies and funds established in a member state of the Cooperation Council for the Arab States of the Gulf.
- Investment Funds.
- Non-resident foreigners permitted to invest in the Parallel Market and who meet the requirements stipulated in the Guidance Note for the investment of Non-Resident Foreigners in the Parallel Market.
- Qualified foreign financial institutions.
- Any other legal persons allowed to open an investment account in the Kingdom and an account at the Depository Center.
- Natural persons allowed to open an investment account in the Kingdom and an account at the Depositary Center, and fulfil any of the following criteria:
1- has conducted transactions in security markets of not less than 40 million Saudi riyals in total, and not less than ten transactions in each quarter during the last twelve months.
2- his net assets are not less than 5 million Saudi Riyals.
3- works or has worked for at least three years in the financial sector.
4- holds the General Securities Qualification Certificate which is recognised by the Authority.
5- holds professional certificate that is related to securities business and accredited by an internationally recognized entity.
- Any other persons prescribed by the authority
Naba Alsaha was founded at the end of 1984 and it is currently based in Alkhobar to offer medical operation of medical complexes and day surgery centers.
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IPO Summary |
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Issue Percentage |
20% of capital |
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Offered Shares |
1.4 mln |
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Minimum Limit |
10 shares |
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Maximum Limit |
343,000 shares |
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Subscription Period |
From Aug. 8 to Aug. 14, 2022 |
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Final Allocation |
Aug. 17, 2022 |
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Refund (if any) |
Aug. 18, 2022 |
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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% |
|
|
Nayef Mohammed Hassan Abdullah Al-Jishi |
2,625,000 |
37.5% |
2,100,000 |
30% |
|
Nathir Mohammed Hassan Abdullah Al-Jishi |
1,750,000 |
25% |
1,400,000 |
20% |
|
Lesley Mohammed Hassan Abdullah Al-Jishi |
1,225,000 |
17.5% |
980,000 |
14% |
|
Al Raja Advanced Investment Group |
1,050,000 |
15% |
840,000 |
12% |
|
Mohammed Hassan Abdullah Mansour Al- Jishi |
350,000 |
5% |
280,000 |
4% |
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Qualified Investors |
- |
- |
1,400,000 |
20% |
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Total |
7,000,000 |
100% |
7,000,000 |
100% |
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Additional Information |
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Financial Advisor |
Aldukheil Financial Group |
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Lead Manager |
Derayah Financial |
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