Tibbiyah of Saudi Arabia to offer 5m shares through IPO

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Aldukheil Financial Group is the financial advisor of the offering.
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  • 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.

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