Offer Details

Saudi Fransi Capital, acting as financial advisor and lead manager on the company’s potential offer of Specialized Medical Services, announced the company’s intention to offer 1.05 million shares of common stock, representing 30% of its shares.

Listed on Nomu’s Parallel Market

The company said in a statement on Saudi Arabia’s Tadavul today, Sunday, that Specialized Medical Services shares will be listed on Nomu’s parallel market.

Market Approval and Offer Period

The company received market approval on January 15, 2023 AD. for the placement of the company’s shares in the parallel market and the approval of the Capital Markets Authority on March 27, 2023 AD. to register and offer company shares for subscription in a parallel market. The final placement price will be determined for all subscribers after the end of the book formation period.

The offer period will start on Sunday, which corresponds to July 9, 2023 AD, and end at the end of Sunday, which corresponds to July 16, 2023.