Tadawul adds MEAHCO IPO shares to investor portfolios

22/03/2016 Argaam

The Saudi Stock Exchange (Tadawul​) added ​on Tuesday ​the initial public offering (IPO) shares of Middle East Healthcare Co. (MEAHCO) into investor portfolios, the Saudi bourse said in a statement.

 

MEAHCO’s share sale was 274.2 percent oversubscribed after 405,960 retail subscribers invested SAR 1.45 billion to buy 22.71 million shares, according to data compiled by Argaam.

 

The healthcare service provider allotted 10 shares to each subscriber in its IPO. 

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