Sulaiman Al Habib Group sets IPO price range between SAR 43-50 per share

10/02/2020 Argaam

 

Dr. Sulaiman Al Habib Medical Group (HMG) set the price range for its upcoming initial public offering (IPO) between SAR 43 and SAR 50 per share.

Last week, HMG issued a prospectus for its IPO on the Saudi Stock Exchange (Tadawul), Argaam reported.

 

The medical group will float 52.50 million shares, or 15% of its capital in the planned offering.

 

The institutional offering will begin on Feb. 10 and end on Feb. 19. The final offering price will be announced on Feb. 20.

 

The retail offering will run from Feb. 26 through March 3.

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