SMC IPO priced at SAR 25/shr on TASI, order book 64.7x covered

04/06/2025 Argaam
One of SMC Hospitals

One of SMC Hospitals

Specialized Medical Center Hospital (SMC) successfully completed the book-building process for the participating parties tranche, and the final offer price was set at SAR 25 per share, said SNB Capital, the lead manager, financial advisor, bookrunner, underwriter, and lead manager, along with EFG Hermes Saudi Arabia, the financial advisor, bookrunner and underwriter. 

 
The IPO order book was 64.7x covered.

 

According to data available with Argaam, SMC plans to float 75 million shares on the Main Market. These shares represent 30% of the company’s SAR 250 million capital.

 

Subscription by retail investors will run for two day from June 15-16, 2025.

 

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