Riyadh – Mubasher: The Saudi Exchange (Tadawul) listed the shares of Professional Medical Expertise Company (ProMedEx) on the Parallel Market (Nomu) on 26 July 2023, according to a bourse statement.
Tadawul noted that ProMedEx’s stock is traded under the symbol 9574 with daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively.
It is worth mentioning that Saudi Fransi Capital was the financial advisor and lead manager for ProMedEx’s initial public offering (IPO).
The company offered 1.05 million shares, which equal 30% of its current share capital, at a price of SAR 68 per share.
ProMedEx is a medical devices distributor based in the Saudi Arabian market and was established in 2010 as a Saudi joint stock.
