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FINANCIAL NEWS
Saudi Samba raises USD 3.19bn for MEAHCO share offer
28 Mar 2016
(MENAFN) Samba Capital & Investment Management Co. proclaimed the closing of the initial public offering (IPO) of Middle East Healthcare Co. (MEAHCO) in Saudi Arabia.
Moreover, the MEAHCO’s IPO included the sale of USD 7.35mn shares, introducing 30 percent of the firm’s share capital.
Additionally, the coverage share of institutional investors was 593.7 percent, whereas the coverage of individual investors was 274.2 percent.
Accordingly, the IPO of MEAHCO is important to the firm to achieve more progress, and will drive it to future growth.
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