Scientific & Medical Equipment House IPO Price set, at SR52 per Share

Initial public offering (IPO) of the Scientific and Medical Equipment House made a successful completion of the book-building process for the participating classes of the company’s shares, Alistithmar Securities and Brokerage company, in its capacity, as the financial advisor, lead manager, institutional underwriter has announced setting the final offer price at (SR52) per share, with a coverage rate of approximately 65 times of the total shares offered.

With the successful completion of the order book building process, the individual subscription phase will start on Monday 01/31/2022, which will continue until Thursday 03/02/2022G, when as much as 600,000 ordinary shares representing 10% of the total shares offered for subscription, will be allocated, for individual subscribers.

For more information, and to view the prospectus, please visit the website of the Capital Market Authority (www.cma.org.sa), the website of the company (www.smeh.com.sa), and the Alistithmar Capital website (www.icap.com.sa).