Here’s list of banks named for Dr. Sulaiman Al Habib Group’s IPO

Saudi retail investors will start, today Feb. 26, subscribing to around 5.25 million shares of Dr. Sulaiman Al Habib Medical Group (HMG) initial public offering at SAR 50 each, after completing the book-building process.

The retail offering will run through Tuesday, March 3.

Institutional investors have recently subscribed to 52.5 million shares, or 100% of offered shares.

The company named 5 banks to cover its IPO as follows: 

1) Riyad Bank

2) The National Commercial Bank (NCB)

3) The Saudi British Bank (SABB)

4) Al Rajhi Bank

5) Samba Financial Group