The Saudi Stock Exchange (Tadawul) will list shares of Middle East Healthcare Co. (MEAHCO) on Tuesday, March 29, in the retail sector.
The shares will have a fluctuation limit of 10 percent and their symbol will be 4009, the Saudi bourse said in a statement Monday.
MEAHCO’s share sale, which ended on Wednesday, 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, which owns and operates Saudi German Hospitals, allotted 10 shares to each subscriber in its IPO.
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