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FinancialNews
23-03-22
Nahdi pharmacy stocks register increase of 14.5 percent on Tuesday
(MENAFN) On Tuesday’s trading session, stocks in pharmacy chain operator Nahdi Medical Co. surged 14.5 percent after making Saudi Arabia’s largest market debut since Aramco.
The stock ended at SR150 (USD40), indicating a market worth as much as SR19.5 billion (USD5.19b). With a robust market debut, Nahdi started 16.8 percent higher than its initial public offering price of SR131 (USD34.92).
According to CEO Yasser Joharji statement, pointing out on the listing, “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.”
MENAFN23032022000045013568ID1103898082
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