RIYADH: Saudi-based Arabian International Healthcare Holding has concluded its initial public offering’s retail subscription at SR82 million ($22 million). The retail offering was 12.63 times covered after allocating one million shares to individual investors, according to a bourse statement by the IPO financial advisor. The share offer price was set at SR82, Aldukheil
RIYADH: Saudi Arabia’s stock market ended flat at the closing bell last Thursday as investors saw a wave of earnings announcements that led to cautious trading, despite a rally in the energy market. The main TASI index closed at 12,179 points and the parallel market Nomu ended at 25,660 points. Main indexes of Qatar, Oman, and Kuwait edged up between 0.1 and 0.2 percent, while
RIYADH: The Arabian International Healthcare Holding, also known as Tibbiyah, plans to offer 5 million ordinary shares 25 percent of its SR200 million ($53.29 million) capital through listing on the Nomu parallel market, according to a bourse filing. The company’s capital is divided into 20 million shares, according to Argaam. The offer price will be determined before the
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