Logo of Arabian International Healthcare Holding Co. (Tibbiyah)
Aldukheil Financial Group (AFG), the financial advisor and lead bookrunner for the initial public offering (IPO) of Arabian International Healthcare Holding Co. (Tibbiyah) on Nomu Parallel Market, announced that the offering to the qualified retail investors tranche was successfully concluded.
In a statement to Tadawul, AFG said the qualified retail investors subscribed to the total shares offered to them. The coverage was 12.63x, at an offer price of SAR 82 per share.
AFG will finalize the required procedures with Tadawul and determine the date for listing of the shares on Nomu.
According to the data available with Argaam, the offering period for qualified retail investors began on Feb. 15 and ended on Feb. 17, when a maximum of one million shares were allocated to qualified individual investors, representing 20% of the total shares offered for public subscription.
A minimum of 10 shares were allocated to each subscriber, and the remaining shares were allocated on a pro-rata basis, according to the ratio of what each subscriber requested to the total shares required to be subscribed.
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