Basma Adeem sets IPO price range on Nomu at SAR 4-4.4/shr

08/01/2025 Argaam

Basma Adeem sets IPO price range on Nomu at SAR 4-4.4/shr

Logo of Basma Adeem Medical Co.

The price range of Basma Adeem Medical Co.’s (Smile Care) initial public offering (IPO) on the Nomu-Parallel Market has been set between SAR 4 and SAR 4.4 per share, according to Yaqeen Capital Co., the financial advisor and lead manager of the potential IPO.

 

The book-building process for qualified investors will run from Jan. 13 to 19, the company said in a statement on Tadawul.

 

For More IPOs

 

According to data available with Argaam, Basma Adeem intends to offer 4 million shares. The offered shares represent 25% of the company's pre-IPO capital of SAR 16 million (divided into 16 million shares) at a nominal value of SAR 1 per share.

 

These shares shall represent 20% of the company’s SAR 20 million post-IPO capital.

 

Riyadh-based Basma Adeem was founded in 2012 as a limited liability company before becoming a closed joint-stock Saudi company.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read