Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) announced adding today the subscribed shares of Middle East Healthcare Co. (MEAHCO) according to allotment ratio.
Allotment was set at a minimum of 10 shares per subscriber in its initial public offering, said Samba Capital, the financial advisor, lead manager and underwriter.
The remaining shares will be allotted pro rata based on the number of shares applied for by each subscriber.
The IPO was 274.2% covered by retail investors till the end of the subscription period. A total of 405,960 subscribers purchased 22.7 million shares at a total value of SAR 1.45 billion ($0.39 billion).
The IPO coverage by investment funds and institutions reached 593.7% as they purchased 19.32 million shares, representing 70% of the total offered shares.
