Al-Dawaa shares Shariah-compliant: Albilad Capital

Logo of Al-Dawaa Medical Services Co.

Shares of Al-Dawaa Medical Services Co. (DMSCO) are classified as Shariah-compliant, with a purification ratio of 0.078, Albilad Capital stated on its Twitter account.

The medical services provider floated 25.5 million shares, or 30% of its capital, on the Saudi Exchange (Tadawul).

Retail investors started, on Feb. 27, subscription to about 2.55 million shares, or 10% of total offered shares, at SAR 73 each, as set by the book-building process, according to data available with Argaam.