Riyadh-Mubasher: Saudi Arabia's Middle East Healthcare Co. (MEAHCO) will launch subscription for retail investors on Thursday.
Nearly 8.28 million shares will be issued at SAR 64 each.
In December 2015, the healthcare services provider obtained the Capital Market Authority's (CMA) approval to float 27.61 million shares, representing 30% of capital.
The subscription will run seven days until 9 March 2016.
This is the first initial public offering (IPO) launched in Saudi Arabia this year compared with four in 2015; MEPCO, SACO, Ground Services and Alandalus Properties.
Established in 2004, MEAHCO is a closed joint stock company, operating with SAR 590 million capital.
The company earlier increased its capital to SAR 767 million, and then to SAR 920.4 million.
