Saudi Exchange Celebrates the Listing of Miral Dental Clinics Company on Nomu - Parallel Market

Riyadh, 29 May 2024: The Saudi Exchange today celebrated the direct listing of Miral Dental Clinics Company, as it joins Nomu - Parallel Market. The ceremony was attended by Mr. Nasser Al Ajaji, Chief of Listing in Saudi Exchange and Dr. Sami Al Saed, Managing Director and CEO of Miral Dental Clinics Company.

Established in 2002, Miral Dental Clinics Company is a dental services provider based in Riyadh. Their activities cover therapeutic and cosmetic dental services, including oral surgery, dental implant, orthodontics, pediatric dentistry and more.

On this occasion Mr. Nasser Al Ajaji, Chief of Listing in Saudi Exchange, said: “At the Saudi Exchange, we welcome companies from various industries, as diversification is a core priority for us. The healthcare sector is an integral component of the Kingdom’s development, and the direct listing of Miral Dental Clinics Company is a testament to the company's strong performance and contribution to this sector. We look forward to observing Miral Dental Clinics Company’s growth as a listed entity.”

Dr. Sami Al Saed, Managing Director and CEO of Miral Dental Clinics, said: "Today marks a significant achievement in Miral Dental Clinic Company’s journey. Our direct listing on Nomu – Parallel Market underscores our dedication to expanding our operations and enhancing the Kingdom’s healthcare sector. As we begin this stage as a listed company, we anticipate continued growth and success as a reliable dental services provider."

Miral Dental Clinics is the third company to direct list through a liquidity plan on Nomu - Parallel Market. For more information about liquidity plan Click Here.

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 for qualified investors.

-Ends-