17 Muharram 1446 - 23 July 2024
    
Sign up for newsletter
Eye of Dubai
Business & Money | Wednesday 15 May, 2024 10:42 am |
Share:

Fakeeh Care IPO 119x covered, final price set at SAR 57.50/share

HSBC Saudi Arabia, the sole financial advisor, joint bookrunner, underwriter, and lead manager on the potential IPO of Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care Group), set the final offer price at SAR 57.50 per share.

 

The IPO was 119x covered, with the final IPO price set at SAR 57.50 a share, according to a filing to Tadawul.

 

The medical services provider floated 49.8 million shares, or 21.47% of post-increase capital, on the Saudi Exchange (Tadawul), according to data available with Argaam.

 

The retail IPO will run on May 21-22, as 4.98 million shares, or 10% of the total offer, will be allocated to individuals.

 

Share:
Print
Post Your Comment
ADD TO EYE OF Dubai
RELATED NEWS
  Care wins SAR 381M project from PSMMC
Care wins SAR 381M project from PSMMC
Monday 22 April, 2024 9:38
MOST POPULAR