By Asil bin Taleb
Riyadh – Mubasher: Samba Capital will provide financial advisory and underwriting for the initial public offering of Middle East Healthcare Company (MECO), sources told Mubasher exclusively.
The Capital Market Authority (CMA) announced Wednesday approving the initial public offering of 27.6 million shares, or 30% of MECO on Saudi Stock Exchange (Tadawul).
The shares to be floated will be partially allocated for institutions, said the market regulator, adding that the IPO will run from 3 February through 9 February, 2016 after book building process is completed.
The issue prospectus will be announced before subscription starts.
