The Capital Market Authority (CMA) has approve the National Medical Care Company’s plans for an initial public offering (IPO).
The CMA board has issued its resolution approving IPO of 13,500,000 shares representing 30.1 percent of the company’s share capital, according to a statement posted on the Tadawul website.
The offering will comprise 6,750,000 new shares representing 15.05 percent of the company’s capital in addition to 6,750,000 existing shares representing a further 15.05 percent of the company’s capital.
A portion of the offered shares will be allocated to mutual funds and authorized people, according to the statement.
The company’s shares will be offered from Feb.4 Feb. 10, once the book-building process is complete.
The company’s prospectus will be published within sufficient time prior to the start of the subscription period.
National Medical Care Company IPO backed
National Medical Care Company IPO backed
19k ‘Made in Saudi Arabia’ products now reaching 180 global markets: industry minister
RIYADH: Products carrying the “Made in Saudi” logo have reached 19,000 and are shipped to 180 countries, according to the minister of industry and mineral resources.
In his opening speech at the third edition of the “Made in Saudi” exhibition, Bandar Alkhorayef indicated that the program now includes 3,700 registered national companies.
He noted that the first half of 2025 recorded the highest semi-annual figure for non-oil exports, valued at SR307 billion ($81.8 billion), after total exports in 2024 reached approximately SR515 billion.
The “Made in Saudi” program was launched in 2021 with the aim of strengthening the presence of local products in domestic and international markets and contributing to the growth of the national economy in line with Vision 2030 targets.
The minister highlighted the efforts of the Saudi Exports Development Authority in facilitating the access of national products to global markets.
This has been achieved through the signing of 108 export agreements, the registration of 433 importers on the Saudi Exports platform, and the licensing of nine export houses whose outbound trade has reached 21 countries with a value of SR390 million.
The “Made in Saudi” program is an initiative of the National Industrial Development and Logistics Program. It is managed by the Saudi Export Development Authority, also known as Saudi Exports, a governmental body tasked with increasing the Kingdom’s non-oil exports.
Saudi Exports developed and is managing the program with the strategic intent of supporting the nation in achieving the objectives of its transformative Vision 2030.
