‎Aldukheil Financial Group announces Naba Alsaha’s IPO prospectus on Nomu

‎Aldukheil Financial Group announces Naba Alsaha’s IPO prospectus on Nomu

Aldukheil Financial Group announced the prospectus of Naba Alsaha Medical Services’ initial public offering (IPO) on Nomu-Parallel Market.

Naba Alsaha plans to offer 1.4 million shares, or 20% of its SAR 70 million capital.

The IPO will run from Aug. 8-14.

The Capital Market Authority (CMA) recently approved the company’s application to list its shares on Nomu.

The offering will be confined to qualified investors, including the capital market institutions authorized to act on their own account; clients of a licensed capital market institution; the Saudi government, any governmental body, any international entity approved by CMA or Saudi market, or any other financial market recognized by CMA or Securities Depository Center (Edaa); companies that are owned by the government, directly or through a private portfolio manager; companies and funds established in the GCC countries; investment funds; foreign non-residents that are allowed to invest in Nomu; qualified foreign financial institutions and natural persons allowed to open investment accounts in the Kingdom and with Edaa.

Qualified investors also include any other persons to be determined by CMA and natural persons who can open investment accounts inside the Kingdom and accounts at Edaa and who fulfill the following criteria: have executed deals in securities markets, with a total