Logo pf Future Care Trading Co.



Future Care Trading Co. will start the direct listing and trading of its shares on Nomu-Parallel Market today, Aug.1, under the symbol 9544.




Shares will trade with ±30% daily and ±10% static price fluctuation limits.




Future Care issued, on June 26, the registration document for the direct listing of its shares on Nomu and set the guidance price at SAR 90/share, Argaam reported.




On June 7, the Capital Market Authority (CMA) approved Future Care’s application to register its shares for a direct listing on Nomu, according to data available with Argaam.




The listing is considered the 20th on Nomu in 2022, including 10 direct listings and 10 share offerings for qualified investors.




Established in 2016, and capitalized at SAR 50 million, the Jeddah-based company primarily provides home healthcare and laboratory services.





















Company Profile

Company 

Future Care Trading Co.

Market

Nomu-Parallel Market

Core Activities

Home healthcare and laboratory services

Status

Active

Capital

SAR 50 mln


Direct Listing Highlights 

Number of Shares

5 mln

Nominal Value

SAR 10/share

Guidance Price

SAR 90

Method of Setting Opening Price

The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.


The guidance price is considered a reference only for the fair market value, which is the debut price for the first day only.

Qualified Investors

Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply).


Qualified investor categories.

Additional Info

Financial Advisor

Marifa Capital




















Company Shareholders

Shareholders

Before Direct Listing

Number of Shares (‘000)

Ownership

Fahad Hasher

1650

33.0%

Ghada Naghi

1650

33.0%

Ahmed Naghi

250

5.0%

Amjad Al-Zahrani

177

3.54%

Abdulaziz Fahad Hasher

177

3.54%

Alhanouf Hasher

177

3.54%

Abdulaziz Nassir Hasher

177

3.54%

Azza Al-Ghamdi

177

3.54%

Mansour Hasher

177

3.54%

The Public (59 shareholders)

388

7.76%

Total

5000

100%