Logo of Kesay Clinics Co.
The Capital Market Authority (CMA) approved today, Dec. 31, Kesay Clinics Co.’s request to register and float 2 million shares on the Nomu-Parallel Market.
The stake represents 5% of the company’s 40 million share capital, the market regulator said in a statement.
The offer will be confined to qualified investors as defined in the CMA regulations and rules. The prospectus will be published within a sufficient time prior to the IPO start.
The CMA’s approval is valid for six months and is deemed void if the share offering and listing are not completed within this period.
Established in 2002, Kesay Clinics provides medical and cosmetic healthcare services. It operates via five branches in Riyadh city.
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