Announcement of the final Price for the initial public offering of Al-Dawaa Medical Services Company

arrow_back_ios Back

news image

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 www.cma.org.sa, the company website www.al-dawaa.com.sa, and the financial advisor GIB Capital website www.gibcapital.com

Latest News

GIB Capital In the News

29 April
GIB Group and Stanhope Capital Group Announce Strategic Partnership to Offer Wealth Advisory Services in the GCC Region
Read More arrow_forward
08 April
GIB Capital successfully completes SAR 1.96 billion IPO of Umm Al Qura for Development and Construction Company
Read More arrow_forward
24 March
GIB Capital Acts as Joint Lead Manager and Bookrunner on USD 1.75 bln Sukuk Issuance for Islamic Development Bank
Read More arrow_forward
GIB Capital Newsroom