RIYADH: Naba Alsaha Medical Services Co. and International Human Resources Co. have received approval from the Saudi market regulator for listing on the Kingdom’s stock market.
The Capital Market Authority also approved the listing of Rawasi Albina Investment Co. on the parallel Nomu market, it said in a statement.
Healthcare provider Naba Alsaha is looking to float 1.4 million shares, or 20 percent of its share capital, on Nomu, while International Human Resources, or iHR, seeks to list 500,000 shares – also representing a 20-percent stake.
All three offerings will be confined to qualified investors and the application approval will be valid for six months, the market regulator noted.
