Nahdi book-building process starts today, price range set at SAR 119-131/share

01/03/2022 Argaam

Logo of Nahdi Medical

SNB Capital and HSBC Saudi Arabia, as the joint financial advisors, book-runners, and underwriters on the potential initial public offering (IPO) of Nahdi Medical Co. announced that the price range for the offering was set between SAR 119 and SAR 131 per share.

 

The company said in a bourse filing that the book-building period for institutional investors starts today, March 1, and will end on March 7.

 

According to data compiled by Argaam, the company announced the offering of 39 million shares, or 30% of its capital, on the Saudi Exchange (Tadawul).

 

Retail investors’ subscription period will run three days from March 13 -15. The retail pharmacy chain allocated 10% of the total offer shares for retail investors.

 

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