Kesay's IPO priced at SAR 15/shr on Nomu

Kesay's retail offering will run from Feb. 11-22 for Nomu IPO

Kesay Clinics Co. priced its initial public offering (IPO) on the Nomu-Parallel Market at SAR 15 per share, Estidamah Capital, the financial advisor on the offering, said in a statement to Tadawul.

The retail offering will run from Feb. 11-22. 

Kesay Clinics earlier announced plans to float two million shares on Nomu, according to Argaam data.

The shares on offer represent 5.26% of the company’s share capital prior to the offering, which currently stands at nearly SAR 38 million, divided into 38 million shares with a par value of SAR 1 each.

The shares on offer account for 5% of the company’s share capital after the IPO, which will amount to about SAR 40 million.