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RIYADH: Naba Alsaha Medical Services Co. will make its Tadawul debut on Wednesday after its initial public offering saw a 531 percent oversubscription. Naba Alsaha offered 20 percent of its capital through an IPO with 1.4 million ordinary shares, Aldukheil Financial Group, the financial advisor for the move, revealed. For the first half of 2022, Naba Alsaha posted a 24 percent
RIYADH: Saudi stocks jumped on Wednesday, thanks to strong first-half earnings despite mixed results from the insurance and cement sectors. TASI the main index added 0.8 percent to 12,646, while the parallel Nomu market lost 2.3 percent to 21,533, as information technology consulting firm Saudi Networkers Services Co. made a weak stock market debut. Gulf peers advanced in line
RIYADH: Naba Alsaha Medical Services Co. has posted 24 percent profit growth for the first half of 2022, ahead of an initial public offering on Saudi Arabia’s stock market. This was coupled with a year-on-year revenue jump of 13 percent, CEO Nathir Al-Jishi told Argaam. The executive noted that Naba Alsaha will open a new pharmacy in Riyadh, adding that it’s studying opening
RIYADH: Naba Alsaha Medical Services Co. and International Human Resources Co. have received approval from the Saudi market regulator for listing on the Kingdom’s stock market. The Capital Market Authority also approved the listing of Rawasi Albina Investment Co. on the parallel Nomu market, it said in a statement. Healthcare provider Naba Alsaha is looking to float 1.4