Nahdi Medical intends to list shares on Tadawul's Main Market
- Date: 20-Feb-2022
- Source: Mubasher
- Sector:Financial Markets
- Country:Saudi Arabia
Nahdi Medical intends to list shares on Tadawul's Main Market
Riyadh - Mubasher: Nahdi Medical Company, a Saudi Arabia-based retail pharmacy chain, is planning to proceed with an initial public offering (IPO) and list its ordinary shares on the Main Market of the Saudi Exchange (Tadawul).
The company intends to offer 39 million ordinary shares, representing 30% of the company’s share capital, on Tadawul's Main Market, according to a press release on Sunday.
Holding 1,151 pharmacies, two polyclinics, and seven express clinics, Nahdi is a healthcare company supported by two shareholders, Al Nahdi Holding Company and SEDCO Holding.
The CEO of Nahdi, Yasser Joharji, said: "Nahdi is a purpose-driven health and wellbeing company with a heart. For over 35 years Nahdi has been transforming the delivery of healthcare products and services to tens of millions of Guests, one beat at a time."
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