Price Range for Medical & Scientific Equipment House IPO’s Determined, set at SR45-52 per Share

The Investment Company for Securities and Brokerage (Alistithmar Capital) announced in its capacity as the financial advisor, bookrunner, lead manager, and underwriter of the potential initial public offering (IPO) of Medical & Scientific Equipment House Company, to determine the price range of the offering and the start of the book building process for the participating classes segment, as follows:

The price range of the offering shares has been set between SR45 and SR52 per Share.

The period of the order book building process for the institutions segment begins on January 17, 2022 and ends on January 27, 2022.

The offering process is represented by offering 6 million (6,000,000) ordinary shares of the company’s shares, representing 30% of the company’s issued capital, by selling shares, in place, by the current shareholders of the company.

Minimum number of shares that can be subscribed to for the participating classes is 100,000 shares, while the maximum is as much as 999,999 shares.

Participation in order book building is limited to categories that are eligible to participate, in the order book building process, in accordance with the instructions for book building and allocating shares, in initial subscriptions, issued by the Capital Market Authority.

The price of the offering will be determined for public subscription after completion of the process of order book building, to be followed by the process of subscribing to the individual subscribers segment.

The final allotment shall be after the end of the individual subscription period.

In case that individuals subscribe to all of the offering shares allocated to them, the subscription record manager has the right to reduce the number of shares allocated to the participating classes to 5,400,000 shares – as a minimum – representing 90% of the total offering shares.

To view the prospectus, please visit the link: https://cma.org.sa/Market/Prospectuses/Documents/S&MEH.pdf

For more information, please visit the company’s website (www.smeh.com.sa)