Health Twaereat Medical to trade on Saudi Arabia’s Nomu By Edmund Bower January 28, 2025, 9:57 AM TMC Health Twaeraat operates more than 100 clinics around the kingdom Twaereat Medical Care Company will begin trading on the Nomu-Parallel Market from Wednesday, the Saudi Exchange has announced. Twaeraat, which operates more than 100 clinics around Saudi Arabia, will seek an external liquidity provider following its direct listing on the bourse. The indicative price per share is SAR12 ($3.20), according to the registration document. Twaeraat recorded profits of SAR16.1 million in the first half of 2024, driven by a 29 percent annual increase in six-month revenues. The IPO follows the success of others launched last year, as well as two floated already in 2025, including Almoosa Health Group and e-business Nice One Beauty Digital Marketing Company. Almoosa Health to raise up to $450m from Saudi IPO Nice One share price up 55% in first week of trading Private companies lead Gulf IPOs to raise $12bn in 2024 Both companies have seen their share prices increase, 25 percent and 60 percent respectively since they started trading on the main market in the second week of January. The Capital Markets Authority also approved a public offering of Al Rajhi Global Sukuk Fund, an index fund operated by the Riyadh-based brokerage Al Rajhi Capital.
