Health care,
now and for future generations

IPO Timeline

2022

Publication of
the Prospectus

Price
Announcement

Start of
Subscription

End of
Subscription

Allocation

Refund

Company Overview

About Us

Founded in 1984, the Company’s activities are centered around the medical operation of hospitals, health facilities, and hospital-related activities and in the field of pharmacies and medical distribution, complementing the Company’s strategy to improve services in accordance with the highest levels of quality based on experience spanning more than 36 years.

Naba Alsaha Medical Services Company strives to provide global standard treatment and healthcare for its patients and is committed to creating an inclusive environment by building a valued workforce whose diversity reflects the communities it serves. We believe this commitment will lead to improved services for our patients and greater equality in opportunities for our staff.

The Company operates and manages Al Zahra General Hospital, an integrated hospital accredited by the Saudi Central Board for Accreditation of Healthcare Institutions (CBAHI). The hospital meets the local standards and is nationally accredited and qualified with advanced technology equipment and professional experts with significant experience in their fields.

1. AlZahra General Hospital

With a capacity of 125 beds, and a total of 40 clinics, the hospital provides medical services, including outpatients, inpatients, and operations, in addition to emergency and intensive care, with a laboratory and an integrated radiology center.

2. Manarat Al Haramain Pharmacy

The pharmacy provides services to outpatients of Al Zahra General Hospital and patients who bring their prescriptions from other hospitals.

3. Naba Alsaha Maintenance Branch

The established branch provides maintenance and housekeeping services to AlZahra General Hospital. Maintenance includes electrical services, electromechanical systems, air-conditioning and other maintenance.

4. Naba Alsaha Architectural Contracting Branch

Looking ahead, the Company endeavors to expands its medical care services, as it plans to open a hospital in Riyadh. The branch was established to carry out the construction works of the Company’s future projects and maintain the required level of quality.

Investments outlook and perspectives

Naba Alsaha Medical Services Company invested in Eyadat Holding Company which is the owner of Avexia Hospital and Clinics for Day Surgery located in the Kingdom of Bahrain.

Announcement Detail

Naba Alsaha Medical Services Company (the “Company”) announces the intention of the Company to offer (1,400,000) ordinary shares representing (20%) of the Company’s shares (the “Offering”), and the listing of the Company’s shares on the Parallel Market “Nomu”. The Subscription Period will begin on Monday 08/08/2022 and will end on Sunday 14/08/2022.

Leadership Message

MR. ABDULWAHAB AL-AJROUSH

Chairman

To strengthen the company’s position in the local market, we launched our IPO strategy, which brings together the hard work of our board members and senior leadership team. Particularly in these times of significant change, I would like to thank all our employees for their enormous effort and commitment to going that extra mile, the board members for their loyalty and trust in the company, and the senior leadership team for their efforts to enable change and accept it. This allows us to continue supporting equality, diversity, and inclusion as fundamentals in our mission to be fair and adequate to regulators and our employees. Enhancing the delivery of safe, high-quality care and environments where doctors can thrive remained a core priority in 2022 for Naba Alsaha Medical Services Company. We have created integrated teams responsible for the performance concerning the quality, and operational performance led by our Business Development Manager with a single reporting line to the CEO.

MR. NATHIR AL-JISHI

CEO

In the first half of 2021, the Company saw significant corporate and governance structure changes. In addition to the measures outlined, we have continued progressing through our disciplinary processes where patient safety and wellbeing have been our priority. We rely on national healthcare professionals to support continuous improvement in the quality of treatment and care. The Company remains grateful to its employees, who do the vital work of delivering the high-quality healthcare services possible. Our success is inseparably linked to the professionals who treat our patients and show remarkable fortitude and compassion to deliver care to those who need it.

Our priority, as always, remains patient care and safety. We are confident that our strategy is robust and flexible enough to allow us to navigate the challenges ahead and seize the opportunities that will emerge as our healthcare systems across Saudi Arabia recover from the pandemic.

Value Proposition

An integrated management team with more than 36 years of operational experience

Good financial stability and profitability

An ambitious company that has the potential to help it expand through strategic planning and seizing opportunities

Flexible strategy and plans in line with changes in the work environment with the use of indicators for measurement and improvement

  • Number of Clinics 40
  • Number of employees 501
  • Doctors 65
  • Nursing 150
  • Saudization percentage 35.35%
  • Bed Occupancy Rate 74%
  • Professionally certified staff 20%
  • Staff in Training Ratio 49%
  • Insurance Claim Denial Rate 5%

A private newly built and highly equipped hospital

Accredited by CBAHI- EST/PVT/HOS/0314

Provides all main medical specialties and most of the subspecialties.

The hospital supports continuous education approved by the Saudi Authority and the cardiopulmonary resuscitation training centers.

Distinctly qualified staff of consultants and specialists.

The hospital buildings are new, and all diagnostic and ancillary departments are equipped with state-of-the-art equipment that helps provide sophisticated medical services. The hospital invests annually in modern equipment to keep pace with the latest medical developments.

The hospital is strategically located and is easily reachable as it is located on the main street adjacent to several other main streets that lead easily to all areas and villages of the governorate. 

  • Number of inpatient admissions 5,887 patients
  • Number of patients admitted to the
             one-day clinic 18,153 days
  • Number of diagnostic scans performed 114,562 scans
  • Number of laboratory tests 114,943 tests
  • Number of radiotherapy fractions
             delivered 31,859 fractions
  • Number of revisits 38,300 revisits

Upgrading services in accordance with the highest levels of quality, with over 36 years of experience.

Increasing the Company’s share in the services market by taking advantage of the strong growth in the Kingdom’s economy and in line with the Kingdom’s Vision 2030, which supports investment.

Developing and diversifying the Company’s sources of income through business expansion and quality improvement.

Investing in national human resources.

An integrated management team with more than 36 years of operational experience

Good financial stability and profitability

An ambitious company that has the potential to help it expand through strategic planning and seizing opportunities

Flexible strategy and plans in line with changes in the work environment with the use of indicators for measurement and improvement

  • Number of Clinics 40
  • Number of employees 501
  • Doctors 65
  • Nursing 150
  • Saudization percentage 35.35%
  • Bed Occupancy Rate 74%
  • Professionally certified staff 20%
  • Staff in Training Ratio 49%
  • Insurance Claim Denial Rate 5%

A private newly built and highly equipped hospital

Accredited by CBAHI- EST/PVT/HOS/0314

Provides all main medical specialties and most of the subspecialties.

The hospital supports continuous education approved by the Saudi Authority and the cardiopulmonary resuscitation training centers.

Distinctly qualified staff of consultants and specialists.

The hospital buildings are new, and all diagnostic and ancillary departments are equipped with state-of-the-art equipment that helps provide sophisticated medical services. The hospital invests annually in modern equipment to keep pace with the latest medical developments.

The hospital is strategically located and is easily reachable as it is located on the main street adjacent to several other main streets that lead easily to all areas and villages of the governorate.

  • Number of inpatient
    admissions 5,887 patients
  • Number of patients 
    admitted to the one-day clinic 18,153 cases
  • Number of diagnostic
    scans performed 114,562 scans
  • Number of laboratory
    tests 114,943 tests
  • Number of radiotherapy
    fractions delivered 31,859 fractions
  • Number of revisits 38,300 revisits

Upgrading services in accordance with the highest levels of quality, with over 36 years of experience.

Increasing the Company’s share in the services market by taking advantage of the strong growth in the Kingdom’s economy and in line with the Kingdom’s Vision 2030, which supports investment.

Developing and diversifying the Company’s sources of income through business expansion and quality improvement.

Investing in national human resources.

Financial
Performance

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Revenue
0
Net profit
0 %
Gross profit
margin
0 %
Return on
Shareholders’
Equity
0 %
Net Profit
Margin

FAQ

The shares will be listed on the Saudi Stock Exchange Parallel Market (Nomu).

1. Capital Market Institutions acting for their own account.

2. Clients of a Capital Market Institution authorized by the Authority to conduct managing activities provided that this Capital Market Institution has been appointed as an investment manager on terms that enable it to make decisions concerning the acceptance of an offer and investment in the Parallel Market on the client’s behalf without obtaining prior approval from the client.

3. The Government of the Kingdom, any government body, any supranational authority recognized by the Authority or the Exchange, and any other stock exchange recognized by the Authority or the Depository Center.

4. Government-owned companies, either directly or through a portfolio managed by a Capital Market Institution authorized to carry out managing activities.

5. Companies and funds established in a member state of the Cooperation Council for the Arab States of the Gulf.
6. Investment Funds.

7. Non-resident foreigners permitted to invest in the Parallel Market and who meet the requirements stipulated in the Guidance Note for the investment of Non-Resident Foreigners in the Parallel Market.

8. Qualified foreign financial institutions.

9. Any other legal persons allowed to open an investment account in the Kingdom and an account at the Depository Center.

10. Natural persons allowed to open an investment account in the Kingdom and an account at the Depositary Center and fulfill any of the following criteria:
a. has conducted transactions in security markets of not less than 40 million Saudi riyals in total, and not less than ten transactions in each quarter during the last twelve months.
b. his/her net assets are not less than 5 million Saudi Riyals.
c. works or has worked for at least three years in the financial sector.
d. holds the General Securities Qualification Certificate, which is recognized by the Authority.
e. holds a professional certificate related to securities business and is accredited by an internationally recognized entity.

11. Any other persons prescribed by the Authority.

The Offering’s final price was announced on Wednesday, 03/08/2022. For more information, please refer to Offer Price Announcement in the Downloadable section.   

Except for the Substantial Shareholders (Who own 5% or more of the Company’s Shares) there will be no implementation of a lock-up period or restrictions on the sale of shares following the listing.

Downloadables

How to Subscribe

Step 1
Ensure you have an active investment account with the Receiving Entities to invest in the Parallel Market (Nomu)
Step 2

Subscribe electronically via the electronic channels of the Receiving Entities during the Subscription Period from 08/08/2022 up to 4:00 pm on 14/08/2022.

Step 3
Upon submitting the Subscription Application, the entire value of the subscribed shares will be deducted from the subscribe account with the Receiving Entities. The funds will be transferred directly to the Escrow Account during the Offering process.
Step 4

The allocation will be announced by notification no later than Wednesday, 17/08/2022. The surplus amounts will be refunded by no later than Thursday, 18/08/2022, without commissions or deductions.

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