Riyadh - Mubasher: The final price for the initial public offering (IPO) of Al Dawaa Medical Services Company has been set at SAR 73 per share.
GIB, the IPO’s bookrunner and lead underwriter, announced the completion of the book building process which resulted in SAR 100.2 billion worth of volume, according to a bourse filing.
The offering was oversubscribed 53.8 times.
Al Dawaa Medical Services will offer a maximum of 2.55 million shares, representing 10% of the total IPO volume, for subscription during the individual investors’ tranche which will begin on 27 February and ends on 1 March.
Earlier this month, GIB Capital announced the IPO price range for Al Dawaa Medical Services in line with the commencement of the book building period.
