Riyadh – Mubasher: The initial public offering of Middle East Healthcare Company (MEAHCO) has received 92,399 subscribers injecting SAR 123.28 million through 1.93 million shares till the end of the fourth day of share flotation, said Samba Capital, the financial advisor, lead manager, book-runner and sole underwriter .
The IPO coverage till 3 March reach 23.3% of the 8.28 million shares offered for retail subscription, or 23.3% of the total offered shares.
The healthcare services provider earlier obtained CMA’s approval to float 27.61 million shares, representing 30% of issued capital.
The IPO will be running till 9 March at SAR 64 per share.
