AI Summary
Middle East Healthcare Co. (MEAHCO) will launch its initial public offering (IPO) today, Thursday, March 3, 2016. The offering will extend for seven days to March 9, 2016.
A total of 8.28 million shares, or 30 percent of total IPO shares, will be offered to retail investors at SAR 64 per share.
Last February, the Saudi healthcare provider revealed plans to expand within Saudi Arabia over the next three years. As many as 85 hospital beds will be added to Saudi German Hospital branches in the kingdom, including 32 in Jeddah, 30 in Riyadh and 23 in Madinah.
|
MEAHCO Hospitals |
|||||
|
No. of Doctors |
No. of beds |
No. of Clinics |
Building Area m² |
Land Area m² |
Hospital |
|
238 |
191 |
105 |
57,787 |
33,375 |
Saudi German Hospital Jeddah |
|
126 |
219 |
69 |
46,870 |
37,567 |
Saudi German Hospital Riyadh |
|
102 |
194 |
56 |
49,093 |
55,644 |
Saudi German Hospital Aseer |
|
100 |
184 |
51 |
48,151 |
65,606 |
Saudi German Hospital Madinah |
|
566 |
788 |
281 |
201,901 |
192,192 |
Total |
|
MEAHCO Hospitals |
||||
|
Operation date |
Completion date |
Expected cost (SAR mln) |
Capacity |
Project |
|
Q2 2016 |
Q1 2016 |
180.52 |
150 beds, 35 outpatients clinic, 6 operating rooms |
Saudi German Hospital-Hail |
|
Q1 2018 |
Q4 2017 |
350.00 |
150 beds, 100 outpatients clinic, 8 operating rooms |
Saudi German Hospital-Dammam |
|
Company profile |
|
|
Company |
Middle East Healthcare Company (MEAHCO) |
|
Stock market |
Saudi Stock Exchange (Tadawul) |
|
Company’s core business |
Healthcare company |
|
Company’s status |
Active |
|
Company’s capital |
SAR 920.4 mln |
|
IPO Details |
|
|
IPO percentage |
30% |
|
Number of IPO shares |
8.28 mln |
|
Issuance price |
SAR 64/ share |
|
Size of issue |
SAR 529.92 mln |
|
Subscribers |
Saudi citizens |
|
IPO date |
March 3, 2016- March 9, 2016 |
|
IPO minimum |
10 shares |
|
IPO maximum |
250,000 shares |
|
Allocation |
March 16, 2016 |
|
Surplus payment |
March 16, 2016 |
Be the first to comment
Comments Analysis: