SPIMACO’s Qassim Medical shareholders OK Nomu listing

Logo of Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO)

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) said shareholders of its subsidiary, Qassim Medical Services Co., approved the offering and listing of part of the company’s shares on the Nomu-Parallel Market.

The approval was granted at a general meeting held on Sept. 17, 2026, the company said in a statement to Tadawul.

The offering and listing process is still in its early stages and remains subject to fulfilling all relevant regulatory requirements and obtaining the necessary approvals from the competent authorities.

SPIMACO owns a 57.23% stake in Qassim Medical, the statement added.

Any material developments or updates related to the matter will be disclosed in due course, the statement said.

SPIMACO increased its stake in Qassim Medical from 16.71% to 57.23% in 2016, for a total amount of SAR 200 million.

Qassim Medical is a Saudi joint-stock company established in 1993. It owns Qassim National Hospital, according to previous data.