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Al-Razi Medical Company to Offer Shares in Saudi Parallel Market
It was decided to set the potential offer price of the shares of “Al-Razi Medical” in the Saudi parallel market between 24 and 28 riyals per share.
Share Offer Details
The company will offer approximately 304,000 shares, equal to 20% of the capital.
The period to launch the offer and build the order book for qualified investors starts on June 4th and ends on June 6th.
Approval from Saudi Capital Market Authority
The Saudi Capital Market Authority had approved the request of the “Al-Razi Medical Company” to register its shares and offer 304 thousand shares, equal to 20% of its shares, in the parallel market, “Nomu”.
Al-Razi Medical Company, a healthcare firm based in Saudi Arabia, has announced its plans to offer its shares in the parallel market in Saudi Arabia. The company will be offering approximately 304,000 shares, which is equivalent to 20% of its capital. The offer period will begin on June 4th and end on June 6th, with the potential offer price of the shares set between 24 and 28 riyals per share.
The Saudi Capital Market Authority has granted approval to Al-Razi Medical Company to register its shares and offer 304 thousand shares in the parallel market, “Nomu”. This move is expected to attract more investors to the healthcare industry in Saudi Arabia amidst the growing market demand.
With the healthcare sector being a vital focus for the Saudi Arabian government and the private sector, Al-Razi Medical Company plans to use the proceeds from the share offering to fund its expansion and development plans.