Twareat to debut on Nomu today at SAR 12/shr

Logo of Twareat Medical Center (TMC)

Twareat Medical Center (TMC) began trading on the Nomu-Parallel Market today, Jan. 29, with the symbol 9627 and ISIN Code SA168G64MDH4, at SAR 12/share.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.

For More IPOs

On Dec. 9, 2024, the Capital Market Authority (CMA) approved Twareat’s application to list its shares on Nomu, Argaam earlier reported.

Three days earlier, the company released its registration document to list on Nomu, setting a price guidance of SAR 12 per share.

This is the fourth listing on Nomu this year, including one direct listing and three offerings to qualified investors.

Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.

Twareat and Alshehili Co. bring the number of listed companies on Nomu to 108, in addition to Alwaha REIT Fund.

Key background

Twareat, founded in 2013 in Al Khobar, operates across various sectors. Its activities, as per its commercial register, include general construction and the renovation of residential and non-residential buildings.

The company engages in the wholesale trade of medical devices, equipment, and supplies, alongside managing warehouses for medical equipment and products. It also provides operational management for hospitals, general medical complexes, and clinics.

Other services include managing day surgery centers, ambulance transport service centers, and medical laboratories. The company also specializes in home-based healthcare services, mobile medical clinics, telemedicine centers, and the operation of radiology and allied medical services.

Twareat operates through four business divisions: remote clinics, industrial clinics, medical operations, and medical centers management.

*Chairman Tarek Al-Hamdan indirectly holds 11.53% of the company via full ownership of Bait Lulua, a shareholder in Twareat.