Tibbiyah sets offering price at SAR 82, IPO books 48.8x covered

09/02/2022 Argaam

Logo of Arabian International Healthcare Holding Co.

Arabian International Healthcare Holding Co. (Tibbiyah) concluded the book building process and set the offering price at SAR 82 per share, Aldukheil Financial Group, the financial advisor for Tibbiyah’s potential initial public offering (IPO) on the Nomu Parallel Market, said in a bourse filing.

 

The book building concluded for five million ordinary shares representing 25% of Tibbiyah’s shares, with a coverage of 48.8X of the total shares offered.

 

The subscription period for qualified investors (individuals) begins Feb. 15, and will continue until Feb. 17.

 

A maximum one million shares will be allocated to individual qualified investors, representing 20% of the total offer.

 

Information and details regarding the offering are available in the prospectus of the company on Capital Market Authority’s (CMA) website, along with on the websites of the company and the financial advisor.

 

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