Saudi Exchange welcomes Qomel Company as it lists on Nomu – Parallel Market

Riyadh, 9th May 2024: The Saudi Exchange celebrated the listing of Qomel Company, a medical company specializing in pharmaceuticals and medical supplies, on Nomu – Parallel Market today. Mr. Nasser Al Ajaji, Chief of Listing in Saudi Exchange and Mr. Hisham Al-Aqlaa, CEO of Qomel, attended the listing ceremony.

Founded in 2007 and headquartered in Riyadh, Qomel Company is a rapidly growing medical enterprise offering high-quality, innovative medical services and healthcare solutions, while utilizing and developing the latest technology and techniques. With its strategically positioned branches across the nation and expansion into pharmaceutical manufacturing, Qomel Company is poised to make a significant impact on Saudi Arabia’s healthcare sector.

On this occasion Mr. Nasser Al Ajaji, Chief of Listing in Saudi Exchange, said: “As the Saudi Exchange continues to grow, we welcome companies from various industries, offering investors a wider range of opportunities. The healthcare sector plays a vital role in the Kingdom’s development, and we have observed a rise in medical companies choosing to list. With that, we extend our congratulations to Qomel Company, and warmly welcome them to Nomu – Parallel Market as a listed company.”

Mr. Hisham Al-Agla, CEO of Qomel Company said, “Today marks a significant step in Qomel’s journey. Our listing on Nomu – Parallel Market underscores our ongoing commitment to broaden our offerings and realize our primary goal: expanding as a company to better serve the health and well-being of patients and healthcare professionals. As a listed company, we look forward to our experience and continued growth in the healthcare sector.”

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.

Qomel Company offered 500,000 ordinary shares representing 14.29% of the company’s issued share capital.

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