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FinancialNews


  • 22-03-22

    Nahdi Medical Co. stocks surge by 14.8pcy early on Tuesday

    (MENAFN) Nahdi Medical Co. stocks rose 14.8 percent in early Tuesday trade, becoming Saudi Arabia's largest market launch since Aramco.

    At 10:37 a.m. Saudi time, the share had risen to SR150, USD40, indicating a market worth of up to USD5.19 billion, SR19.5 billion.

    Nahdi made a good market debut, opening 16.8 percent higher than its asset sale price of SR131, USD34.9.

    While remarking on the lists CEO Yasser Joharji stated: “Our focus into 2022 and beyond will be firmly centered around two key objectives: redefining and transforming the future of healthcare in Saudi Arabia and delivering continuous value to our shareholders.”

    MENAFN22032022000045013870ID1103891098

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