Almujtama starts trading on Nomu today + Lana Medical prices IPO

Nomu welcomes newcomer Almujtama today: Pharma company Almujtama Alraida Medical will list its shares on parallel market Nomu today where its shares will start trading at SAR 40 a piece, Tadawul said yesterday.

Lock-up period: Shareholders with stakes over 5% will have a 12-month lockup period starting today.

By the numbers: Almujtama owns and operates a chain of 125 pharmacies across the country and plans to open 32 new outlets in the next 12 months.

ADVISORS- Aldukheil Financial Group is quarterbacking the transaction as financial advisor, while Talal Abu-Ghazaleh & Co. is acting as auditor.

IN OTHER IPO NEWS-

Healthcare provider LanaMedical has priced its Nomu IPO at SAR 31.00 apiece after wrapping its book-building process with demand for 117.2% of all shares on offer, financial advisor and lead manager Yaqeen Capital said in a regulatory filing yesterday. The healthcare player intends to list 720k ordinary shares on Nomu, good for a 20% stake in the company.

ADVISORS- Yaqeen Capital is quarterbacking the transaction as financial advisor and lead manager, while Alkharashi is acting as auditor, according to the company’s prospectus (pdf).

Other Nomu listings in the pipeline:

• NUPCO, Saudi’s largest medical procurement firm;
• Fad International (prospectus, pdf);
• View United Real Estate Development (prospectus, pdf);
• Armah Sports (prospectus, pdf);