06/12/2023 14:57:09

Saudi Exchange welcomes the listing of Lana Medical Company on Nomu Parallel Market

Riyadh, 06 December 2023: The Saudi Exchange today celebrated the listing of Lana Medical Company, one of the fastest growing healthcare companies in Saudi Arabia, as it lists on Nomu – Parallel Market of the Saudi Exchange. The listing ceremony was attended by Mohammed Al Rumaih, CEO of Saudi Exchange and Salman Al Fawzan, Board Member and CEO of Lana Medical Company.

Mohammed Al-Rumaih, CEO of Saudi Exchange, said, “The healthcare industry in Saudi Arabia has witnessed significant growth in recent years, propelled by Saudi Vision 2030. The listing of Lana Medical Company on the Nomu parallel market is another milestone in the growth of the healthcare sector in the Kingdom, diversifying opportunities available for investors in the Saudi capital market. I would like to congratulate the entire Lana Medical Company team on this occasion and wish them success in their next chapter as a listed company.”

Salman Al Fawzan, Board Member and CEO of Lana Medical Company, commented, “Our listing on the Saudi Exchange is a testament to our commitment to provide cutting-edge medical equipment tailored to the unique needs of our customers. Through this listing, we aim to fuel further growth and expansion across the MENA region, establishing ourselves as a leading integrated medical institution. I would like to express my gratitude to our team and customers. Your trust and support have been pivotal to our success.”

Nomu is the Saudi Exchange’s parallel equity market, which acts as an alternative platform for companies seeking to expand and go public. Nomu - Parallel Market aims to provide an opportunity for small and medium-sized companies to diversify their funding sources and develop their businesses and activities by offering lighter listing requirements in terms of market capitalization, minimum number of shareholders, and offering percentage. Nomu - Parallel Market is open only to qualified investors. 

Lana Medical Company offered 720,000 shares at the offering price of SAR 31 per share.