Middle East Healthcare Co. (MEAHCO) starts individual subscriptions in 8.28 million shares at SAR64/share
Middle East Healthcare Company (MEAHCO) started on 3 March 2016 the individual subscription in 8.28 million shares of MEAHCO at a price of SAR64/share, which will continue until 9 March 2016. MEAHCO had obtained the approval of the Capital Market Authority (CMA) to float 27.61 million shares, representing 30% of issued capital, in December 2015, of which 70% for institutions and 30% for individuals. MEAHCO’s IPO is considered the first offering in the Saudi market for 2016. (Argaam)
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