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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

SMEH of Saudi Arabia fixes price range for IPO

Several factors contributed to the fall in UAE markets, including a decline in oil prices, worries about multinational banks' health.
By TRENDS Desk
January 16, 2022 5:27 pm
  • The book-building period for participating entities will run from Jan. 17 to Jan. 27, 2022, a bourse statement by the offering’s book-runner, Alistithmar Capital, revealed
  • Shares devoted to participating entities will stand at 6 million shares, representing the full offering of 30 percent of the company’s capital

Scientific and Medical Equipment House of Saudi Arabia has set a price range between$12-13.9 per share for its offer amid a prospective IPO on Saudi Arabia’s main index, TASI.

The book-building period for participating entities will run from Jan. 17 to Jan. 27, 2022, a bourse statement by the offering’s book-runner, Alistithmar Capital, revealed.

Shares devoted to participating entities will stand at 6 million shares, representing the full offering of 30 percent of the company’s capital.

As per the statement, members of the eligible party are to subscribe to a minimum of 100,000 shares, limited to a maximum of 999,999 shares.

The final offer price will be finalized upon completion of the book-building process.

The decision to list comes as the company aims to strengthen its position in the Kingdom’s operations, maintenance, and healthcare sector, SMEH’s chairman, Basel bin Saud Al Arifi, said in a statement earlier this month.

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