Aldukheil announces Tibbiyah’s plan for IPO on Nomu

13/01/2022 Argaam

Aldukheil Financial Group, the financial advisor for the potential initial public offering (IPO) of Arabian International Healthcare Holding Co. (Tibbiyah), announced that the company plans to float five million shares, or 25% of its share capital on Nomu Parallel Market, according to a bourse statement.

 

The offer price will be determined before the subscription period which will run on Feb. 15-17.

 

The Capital Market Authority (CMA) approved, on Dec. 29, 2021, the application received from the company to offer 25% of its capital on Nomu.

 

The company's capital amounts to SAR 200 million, divided into 20 million shares.

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