Saudi Arabia’s largest pharmacy chain to sell 30% stake in Tadawul IPO – The National

Saudi Arabia’s largest pharmacy chain to sell 30% stake in Tadawul IPO – The National

Saudi Arabia’s largest pharmacy chain and omni-health platform Nahdi Medical plans to sell a 30 per cent stake, or up to 39 million shares, in an initial public offering on the Tadawul stock exchange.

The IPO share price will be determined at the end of a book-building period, the company said on Sunday.

Nahdi Medical hired the local unit of HSBC and SNB Capital, the investment banking arm of Saudi National Bank, as joint financial advisers and bookrunners.