Tibbiyah book-building process to start on Jan. 30, price range set at SAR 74-82

Logo of Arabian International Healthcare Holding Co. (Tibbiyah)

Arabian International Healthcare Holding Co. (Tibbiyah) set the offering price range between SAR 74 and SAR 82 a share, Aldukheil Financial Group, the financial advisor for the company’s potential initial public offering (IPO) on the Nomu – Parallel Market, said in a bourse filing.

The book-building process will begin on Sunday, Jan. 30, until Feb. 3.

The preliminary allocation for qualified non-individual investors will begin on Feb. 8 after obtaining the approval of the Capital Market Authority (CMA).

The qualified non-individual investors’ subscription process will run from Feb. 9-14, 2022.

The company allocated 5 million shares, or 100% of the total offer size to qualified non-individual investors. If qualified retail investors fully subscribe to the offered shares, which are 1 million shares, or 20% of the total offer size, the lead manager has the right to reduce the offer shares allocated to the qualified non-individual investors to 4 million – as a minimum limit - representing 80% of the total number of offer shares.

The minimum number of offer shares that can be subscribed to by qualified non-individual and retail investors is 10,000 and 10 shares, respectively. The maximum limit is 980,000 shares for both tranches.

The company will offer 5 million ordinary shares, or 25% of the share capital. The minimum number of shares to which each non-individual qualified investor can bid for is 10,000 shares, while the maximum is 980,000 shares.

Qualified investors include the capital market institutions authorized to act on their own account; clients of a licensed capital market institution; the Saudi government, any governmental body, any international entity approved by the CMA or the Saudi market, or any other financial market recognized by CMA or the Securities Depository Center (Edaa); companies that are owned by the government, directly or through private portfolio manager; companies and funds established in the GCC countries; investment funds and the natural persons allowed to open investment accounts in the Kingdom and with Edaa.   

For more information and review of the prospectus, please visit the website of Tibbiyah www.tibbiyah.com, Aldukheil Financial Group at www.aldukheil.com.sa, and the CMA www.cma.org.sa.

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