Nahdi Medical Company announces the Offering Price Range and Commencement of Institutional Book-Building

HSBC Saudi Arabia and SNB Capital in their capacity as the Joint Financial Advisors, Bookrunners, and Underwriters on the potential initial public offering of Nahdi Medical Company (“Nahdi” or the “Company”) announces the price range, as well as the commencement of the Participating Parties book-building period; as per the following details:

• The price range for the Offering has been set between SAR 119 and SAR 131 per share (the “Price Range”)

• The Offering is comprised of a sale of thirty-nine million (39,000,000) ordinary shares, representing 30% of Nahdi’s issued share capital, by the Selling Shareholders

• The minimum number of Offer shares to be applied for by the Participating Parties is fifty thousand (50,000) shares, while the maximum number of shares is six million four hundred ninety-nine thousand nine hundred ninety-nine (6,499,999) shares

• The participation in the book-building process is confined to the Participating Parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority

• The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the Individual Subscribers subscription process, the number of Offer Shares to be provisionally allocated to Participating Parties is thirty-nine million (39,000,000) Offer Shares, representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for Individual Investors. In the event that Individual Subscribers subscribe for all the Offer Shares allocated thereto, the Bookrunners shall have the right to reduce the number of shares allocated to Participating Parties to a minimum of thirty-five million one hundred thousand (35,100,000) Offer Shares, representing 90% of the total Offer Shares

• Bidding and book-building period for Participating Parties: starts on 01 March 2022G and ends on 07 March 2022G

For more information, please visit the Capital Market Authority website ( and Nahdi website ( where the Offering Prospectus will be published.




Date: 20 March 2022