Riyadh-Mubasher: Samba Capital signed on Monday two agreements with Middle East Healthcare Co. (MEAHCO), to act as the lead manager and underwriter of its initial public offering (IPO).
Samba Capital CEO Salik Ahmed said his company, in coordination with the seven receiving banks, completed all preparations for the public subscription. The receiving banks are Samba, Al Rajhi Bank, National Commercial Bank, Riyad Bank, Banque Saudi Fransi, SABB and Arab National Bank.
The company will float 30% of its capital over seven days starting from 3 March 2016.
Operating with SAR 920.4 million in capital, MEAHCO is the owner and operator of the Saudi German Hospitals in Saudi Arabia.
