Scientific and Medical Equipment institutional offering 65x covered, final offer price set at SAR 52/share

30/01/2022 Argaam

Logo of Scientific and Medical Equipment House Co.

Scientific and Medical Equipment House Co. announced the successful completion of the book-building process, with a coverage of around 65x of the total offered shares, Alistithmar Capital, the financial advisor, bookrunner, lead manager, and underwriter for the company’s potential initial public offering (IPO) on the Saudi Exchange (Tadawul), said in a bourse filing.

 

Alistithmar Capital also set the offering price at SAR 52 a share.

 

The retail tranche subscription process will commence tomorrow, Jan. 31, through Feb. 3. A total of 600,000, representing 10% of the total offered shares, will be floated to individual investors.

 

 

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