Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Tibbiyah of Saudi Arabia to offer 5m shares through IPO

Aldukheil Financial Group is the financial advisor of the offering.
By TRENDS Desk
January 14, 2022 10:26 pm
  • The company’s capital is divided into 20 million shares
  • The offer price will be determined before the subscription period, which will begin on Tuesday February 15 and will end on Thursday February 17

Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million ordinary shares — 25 percent of its $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 subscription period, which will begin on Tuesday February 15 and will end on Thursday February 17.

Aldukheil Financial Group is the financial advisor of the offering.

The Saudi stock exchange, Tadawul, approved the company’s application for the listing on Nomu on June 13, 2021 and the Capital Market Authority approved it on Dec. 29, 2021.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]