Balsm Alofoq debuts on Nomu today at SAR 60/shr

Logo of Balsm Alofoq Medical Co.

Shares of Balsm Alofoq Medical Co. made their debut on the Nomu-Parallel Market today, Dec. 16, with the symbol 9620 and ISIN Code SA165GU4MA16, at SAR 60 apiece.

The stock will trade with daily and static price fluctuation limits of +/-30% and +/- 10%, respectively.

For More IPOs

The company earlier floated 250,000 shares on Nomu, representing 20% of its post-IPO capital, with coverage ratio of 1,695%.

The company’s post-IPO capital amounted to SAR 12.5 million, divided into 1.25 million shares, at a par value of SAR 10 each.

This is the 29th listing on Nomu this year, including three direct listings and 26 offerings to qualified investors.

Last year, Nomu witnessed 35 IPOs, including six direct listings and 29 offerings to qualified investors, in addition to one REIT.

Balsm Alofoq brought the number of listed companies on Nomu to 104, in addition to Alwaha REIT Fund.

Company Profile:

Balsm Alofoq was established as a sole proprietorship in 2012, then transformed into a limited liability company in 2021, and then into a closed joint-stock company in 2024. Its head office is located in Buraydah.

The company's actual activity is to provide therapeutic and cosmetic dental services and sell medical supplies. Dental services are provided through two complexes, Balsm Alofoq Medical Dental Complex and Enaya Al-Nahda Medical Complex.