Logo ofTwareat Medical Center (TMC)
Twareat Medical Center (TMC) will begin trading on 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.
On Dec. 9, 2024, the Capital Market Authority (CMA) approved the company’s application to list its shares on Nomu-Parallel Market, Argaam earlier reported.
The company announced on Dec. 26, 2024 its registration document to list on Nomu, setting its price guidance at SAR 12/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 will bring the number of listed companies on Nomu to 108, in addition to Alwaha REIT Fund.
Company Info:
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.
Company Profile
Company
Twareat Medical Center
Market
Nomu-Parallel Market
Core Activities
Medical care services
Status
Active
Capital
SAR 40 mln
Direct Listing Profile
Offer shares
40 mln
Par value
SAR 12
Price guidance
SAR 1
Method of setting opening price
Based on the supply and demand for the stock through the pre-opening auction mechanism. During this period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a ±30% daily fluctuation limit
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only
Qualified investors
– Qualified investors
– Current shareholders (excluding owners of 5% or more, to whom the lock-up period shall apply)
Shareholder
Pre-Direct Listing
Number of shares (mln)
Ownership (%)
Tarek Al-Hamdan*
11.67
29.18
AYYAN Investment
10.00
25.00
Bait Lulua Co.
4.61
11.53
Abdullah Al-Hamdan
2.60
6.49
Amer Al-Amer
1.56
3.90
Khalid Al-Hamdan
1.56
3.90
Others owning a <3% stake (121 shareholders)
8.00
20.00
Qualified investors
—
—
Total
40
100.00%
*Chairman Tarek Al-Hamdan indirectly holds 11.53% of the company via full ownership of Bait Lulua, a shareholder in Twareat.
Logo ofTwareat Medical Center (TMC)
Twareat Medical Center (TMC) will begin trading on 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.
On Dec. 9, 2024, the Capital Market Authority (CMA) approved the company’s application to list its shares on Nomu-Parallel Market, Argaam earlier reported.
The company announced on Dec. 26, 2024 its registration document to list on Nomu, setting its price guidance at SAR 12/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 will bring the number of listed companies on Nomu to 108, in addition to Alwaha REIT Fund.
Company Info:
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.
Company Profile
Company
Twareat Medical Center
Market
Nomu-Parallel Market
Core Activities
Medical care services
Status
Active
Capital
SAR 40 mln
Direct Listing Profile
Offer shares
40 mln
Par value
SAR 12
Price guidance
SAR 1
Method of setting opening price
Based on the supply and demand for the stock through the pre-opening auction mechanism. During this period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a ±30% daily fluctuation limit
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only
Qualified investors
– Qualified investors
– Current shareholders (excluding owners of 5% or more, to whom the lock-up period shall apply)
Shareholder
Pre-Direct Listing
Number of shares (mln)
Ownership (%)
Tarek Al-Hamdan*
11.67
29.18
AYYAN Investment
10.00
25.00
Bait Lulua Co.
4.61
11.53
Abdullah Al-Hamdan
2.60
6.49
Amer Al-Amer
1.56
3.90
Khalid Al-Hamdan
1.56
3.90
Others owning a <3% stake (121 shareholders)
8.00
20.00
Qualified investors
—
—
Total
40
100.00%
*Chairman Tarek Al-Hamdan indirectly holds 11.53% of the company via full ownership of Bait Lulua, a shareholder in Twareat.
