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

 

" More on Initial Public Offerings "

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