Saudi healthcare provider Naba to start Tadawul trading on Wednesday

Publish September 6, 2022
healthcare

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 profit growth coupled with a year-on-year revenue jump of 13 percent.

arabnews

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