Riyadh – Mubasher: Saudi Arabia's Middle East Healthcare Co. (MEAHCO) obtained the approval of the Capital Market Authority (CMA) to launch its initial public offering during the period 3-9 March, after completing the book building process.
The market regulator approved in mid-January a request from the company to postpone launching its IPO, which was scheduled for 3-9 February, till a further date to be set in the next six weeks.
The healthcare services provider earlier obtained CMA’s approval to float 27.61 million shares, representing 30% of issued capital.
The company allocated 70% of the total offered shares to institutions.
