Nahdi sets final IPO price at SAR 131, order book 59x covered

10/03/2022 Argaam
Logo of Nahdi Medical Co.

Logo of Nahdi Medical Co.

Nahdi Medical Co. successfully completed the book-building process for institutional investors and set the final offer price at SAR 131 per share, with a coverage ratio amounting to (59x) of the total offer shares, SNB Capital together with HSBC Saudi Arabia, the joint Financial Advisors, Bookrunners, and Lead Underwriters, on the Initial Public Offering (IPO), said in a statement.

 

The retail subscription period will begin from March 13-15.

 

The number of shares offered for retail investors amounts to 3.9 million shares maximum, or 10% of the total offered shares.

 

All information and details related to the offering are available in the prospectus published on the website of the Capital Market Authority (www.cma.org.sa), and the website of the company (http://www.nahdi.sa).

 

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