The final offer price for the Nahdi Medical Company’s IPO has been set at SAR 131 per share, implying a market capitalisation at listing of $4.54 million
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GCC IPO activity
Saudi’s biggest pharmacy retailer to mark largest Saudi IPO since Aramco with top end price listing
Nahdi Medical Co. said it will sell shares at 131 riyals ($34.92) apiece after the institutional part of the offering ended. At that price, the company is set to raise $1.36 billion
GCC IPO activity
Saudi billionaire’s investment firm plans IPO of top drugstore
Al Nahdi Medical plans to float 30% of the company on the Saudi stock market