Riyadh-based Jana Medical Company’s initial public offering (IPO) has garnered significant attention, achieving 150.4% oversubscription from institutional and individual investors. This strong demand highlights Saudi Arabia's continued appeal as a hub for IPO activity, particularly on the Saudi Stock Exchange’s Nomu Parallel Market. Jana Medical offered 642,500 ordinary shares, with the final offer price set at SAR 44 per share.

Founded in 2014, Jana Medical specializes in healthcare supplies and devices, catering to a growing market driven by advancements in medical technology. The timeline for the company’s listing on Nomu will be announced following the completion of all necessary listing procedures.