Riyadh – Mubasher: Almoosa Health Company has commenced the bidding and book-building for its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul).
The company set the price range for its offering between SAR 123 and SAR 127 per share, implying a total offering size of between SAR 1.63 billion and SAR 1.68 billion, according to a press release.
The IPO will imply a market cap at listing between SAR 5.44 billion and SAR 5.62 billion. The institutional book-building period began on 4 December and will end on 10 December 2024.
Meanwhile, the final offer price will be determined at the end of the institutional book-building period.
Almoosa Health plans to float 13.29 million ordinary shares, representing 30% of its share capital.
Last September, the medical group obtained the approval of the Capital Market Authority (CMA) for its IPO.
