Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Crawford stuns Canelo in Las Vegas    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    Over 434,000 people acquire first aid skills during nationwide health campaign    Qatar PM denounces Israel as Arab, Muslim ministers meet over Doha strike    Sushila Karki takes office as Nepal's first female prime minister amid protest fallout    Israeli strikes level Gaza City's Al-Kawthar tower as offensive intensifies    Trump calls for healing after Charlie Kirk assassination, blames 'radical left'    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Renan Lodi terminates Al Hilal contract, club vows to protect rights    3 Syrians arrested for creating fake platforms    SR9000 fine for copyright infringement using AI    Riyadh to host WrestleMania 43 in 2027, first outside North America    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    French doctor goes on trial for poisoning 30 patients, 12 fatally    The key to happiness    Mike Tyson and Floyd Mayweather Jr. set to meet in exhibition boxing match in 2026    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



MEAHCO raises SR12b from IPO
Published in The Saudi Gazette on 05 - 04 - 2016

MIDDLE East Healthcare Company (MEAHCO) has successfully closed the initial public offering (IPO) of the shares that owns and operate the Saudi German Hospitals, the largest hospital brand in the region. The IPO of MEAHCO involved the sale of 27.61 million shares, representing 30% of MEAHCO's share capital. The total amount of generated combined orders/subscriptions was SR12 billion. The coverage ratio of institutional investors was 593.7%, while the coverage of individual investors was 274.2%.
Engineer Sobhi A. Batterjee, Chairman of MEAHCO, said " We are very pleased with the outcome of the IPO. We believe that the high participation rates, particularly during the current market conditions reflect the confidence of citizens and investment community in the investment value and growth potential of the company. The IPO of MEAHCO is an important milestone in the Company's successful journey. We thank all the investors for their participation in the IPO and for the confidence they have shown in MEAHCO.
We welcome them as our shareholders and partners and we are committed to operating as a responsible publicly listed company, and continue to offer quality medical care to our patients and create value for our shareholders. MEAHCO is operating in a sector with a bright outlook, and has exciting growth prospects, with a number of expansion projects already underway."


Clic here to read the story from its source.