Riyadh – Mubasher: The initial public offering of Middle East Healthcare Company (MEAHCO) has received 141,503 subscribers at the end of the fifth day of share flotation, said Samba Capital, the financial advisor, lead manager, book-runner and sole underwriter
The above subscribers have injected SAR 219.8 million through 3.43 million shares, Samba Capital added.
The IPO coverage till 7 March reached 41.5% of the 8.28 million shares offered for retail subscription.
Earlier, the healthcare services provider 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.
