Latest news with #SpecializedMedicalCo.
Bloomberg
6 days ago
- Business
- Bloomberg
Saudi IPO Draws $32 Billion In Orders After Dividend Reversal
Saudi Arabia-based Specialized Medical Co. attracted about 121 billion riyals ($32 billion) in orders for its initial public offering, following a reset of its institutional order book after the company clawed back recently paid dividends. The hospital operator's offering was nearly 65 times oversubscribed, it said in a statement. That's the lowest subscription multiple among recent IPOs in the kingdom.
Bloomberg
04-05-2025
- Business
- Bloomberg
Saudi Hospital Operator SMC to Sell 30% Stake in Local IPO
Saudi Arabian hospital operator Specialized Medical Co. unveiled plans for an initial public offering in Riyadh, a further sign that firms across the kingdom are pressing ahead with listings despite global market volatility. SMC, as the company is known, will sell 75 million shares, or a 30% stake, it said in a statement on Sunday. Bookbuilding is set to start on May 11, with a listing date still yet to be determined, according to terms of the deal seen by Bloomberg.
