Middle East Healthcare Company’s (MECO) initial public offering of 30% of the company’s share capital (c27.6 million shares) will be offered at SAR64/share, after the book building process has been completed, according to Samba Capital, the financial advisor, lead manager and book runner of the IPO. The book-building process generated an order book of cSAR10.5 billion, a subscription of 593.7% of the offered shares. 90% of the shares will be allocated to institutions (first tranche), while the final allocation will be after the retail subscription. (Argaam)