History
2022: Successful IPO of $1.36 billion
Saudi Arabia's largest pharmacy retail chain soared in debut trading after raising $1.36 billion during the kingdom's largest share sale since Saudi Aramco.
Shares of Nahdi Medical Co. rose 21% to 158 riyals ($42.12) on the morning of March 22, 2022 in Riyadh. The company sold shares at 131 rials, which is the upper bound of the planned price range.
IPO Nahdi is the largest listing in the kingdom since Saudi Aramco raised almost $30 billion dollars in 2019. ACWA Power International raised $1.2 billion in 2021.
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