GIB Capital

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GIB Capital


Announcement of the final Price for the initial public offering of Al-Dawaa Medical Services Company
Back 23 February 2022

On behalf of Al-Dawaa Medical Services Company (“Al-Dawaa” or the “Company”), GIB Capital, in its capacity as the financial advisor, Book-runner and lead underwriter for the initial public offering (the “Offering”), announces the completion of the book-building process for the participating parties. The IPO received a total demand of SAR 100.2 billion (a coverage of 53.8 times of offer shares). The Company has set the final offer price of Al-Dawaa IPO at (SAR 73) per share

The Individual Investors tranche subscription process will commence on Sunday, 27 February 2022G and will ends on Tuesday, 1 March 2022G. A maximum (2,550,000) Offer Shares, representing 10% of the total Offer Shares, will be allocated to Individual Investor.

For more information and for the prospectus, please visit the Capital Market Authority website, the company website, and the financial advisor GIB Capital website

GIB Capital is a Single Shareholder Company (Commercial Registration No. 1010244294) with paid-up capital of SR 200,000,000.

GIB Capital obtained its license from the Capital Market Authority under license number 07078-37 on 08/07/1428H (corresponding to 22/07/2007G). GIB Capital obtained the approval to proceed with its business activities from the Capital Market Authority on 03/04/1429H (corresponding to 12/04/2008G).

GIB Capital provides corporate finance services in the Saudi capital markets, and is licensed to carry out the following activities by the Capital Market Authority (“CMA”):

  • Dealing as:
    • Principal
    • Agent
    • Underwriter
  • Managing
    • Investment fund management
    • Discretionary portfolio management
  • Arranging
  • Advising
  • Custody

GIB Capital is a subsidiary of Gulf International Bank B.S.C. with registered office at Low Rise Building 1, Granada Business & Residential Park, Eastern Ring Road, P.O. Box 89589, Riyadh 11692, Kingdom of Saudi Arabia.