Al Modawat Appoints Estidamah as Advisor for Transition to Main Market

Al Modawat Specialized Medical Co. has announced on Thursday that its Board of Directors has approved the appointment of Estidamah Capital as financial advisor to oversee the company’s planned transition from the Parallel Market (Nomu) to the main market.

The move is part of Al Modawat’s strategy to strengthen its presence in the Kingdom’s healthcare and capital markets.

The company stated that it will work closely with the advisor to meet all regulatory requirements and procedures in accordance with the Saudi Exchange (Tadawul) listing rules. The transition remains subject to Tadawul’s approval and the fulfillment of all conditions outlined in the listing framework.