Riyadh – Mubasher: Saudi Arabia's Middle East Healthcare Co. (MECO) will launch its initial public offering (IPO) from 3 to 9 February, marking the first public subscription in the kingdom this year.
The healthcare services provider obtained the approval of Capital Market Authority (CMA) to float 27.61 million shares, representing 30% of issued capital.
The company allocated 70% of the total offered shares to institutions.
Samba Capital will act as the underwriter of the IPO.
