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 per share, after completing the book-building process.
The retail offering will run through Tuesday, March 3.
Here’s a look at the IPO timeline:
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HMG’s IPO Timeline |
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Subscription period for retail investors |
From Feb. 26 to March 3 |
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Deadline for subscribed retail investors to submit their subscription forms and payment |
March 3 |
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Announcement of final allotment |
March 9 |
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Deadline for retail investors surplus repayment |
March 9 |
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Expected date for trading kick off |
After fulfilling all regulatory requirements and procedures |
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