SMC receives SAR 200M from selling shareholders

One of SMC Hospitals

Specialized Medical Co. (SMC) received SAR 200 million from selling shareholders as part of its recently completed initial public offering (IPO) on the Main Market (TASI), in accordance with the supplementary prospectus.

In a statement to Tadawul today, June 30, SMC said the positive financial impact of this return will appear in its income statement for Q2 2025.

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According to data available with Argaam, the supplementary prospectus reflected a revision to the dividend distribution schedule for previous periods. The general assembly, held on May 22, approved the cancellation of SAR 200 million in dividend distributions to current shareholders, returning the amount to the company. This will be accounted for in the Q2 2025 financial results.