Logo ofBalsm Alofoq Medical Co.
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Balsm Alofoq Medical Co. on the Nomu-Parallel Market, announced the offering’s completion at SAR 60 per share. 
The IPO was oversubscribed by 1,694.55% of the total shares offered during the subscription period, according to the Saudi Exchange (Tadawul) website.
Yaqeen Capital is coordinating with Tadawul Group to finalize procedures before announcing the listing date for Balsm Alofoq on Nomu.
Qualified investors began subscribing to 250,000 shares on Dec. 1, 2024. The offered shares represent 20% of the company’s post-IPO capital and 25% of its pre-IPO capital.
Post-IPO, the company’s capital will increase to SAR 12.5 million, divided into 1.25 million shares with a nominal value of SAR 10 each.
Founded in 2012 as a sole proprietorship, Balsm Alofoq became a limited liability company in 2021 and a closed joint-stock company in 2024. Headquartered in Buraidah, it provides therapeutic and cosmetic dental services and sells medical supplies through two clinics: Balsam Alofoq Medical Dental Complex and Enaya Al-Nahda Medical Complex.
Logo ofBalsm Alofoq Medical Co.
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Balsm Alofoq Medical Co. on the Nomu-Parallel Market, announced the offering’s completion at SAR 60 per share.
The IPO was oversubscribed by 1,694.55% of the total shares offered during the subscription period, according to the Saudi Exchange (Tadawul) website.
Yaqeen Capital is coordinating with Tadawul Group to finalize procedures before announcing the listing date for Balsm Alofoq on Nomu.
Qualified investors began subscribing to 250,000 shares on Dec. 1, 2024. The offered shares represent 20% of the company’s post-IPO capital and 25% of its pre-IPO capital.
Post-IPO, the company’s capital will increase to SAR 12.5 million, divided into 1.25 million shares with a nominal value of SAR 10 each.
Founded in 2012 as a sole proprietorship, Balsm Alofoq became a limited liability company in 2021 and a closed joint-stock company in 2024. Headquartered in Buraidah, it provides therapeutic and cosmetic dental services and sells medical supplies through two clinics: Balsam Alofoq Medical Dental Complex and Enaya Al-Nahda Medical Complex.
