Business, Company News

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Tibbiyah closes IPO at $22 million

The company also known as Tibbiyah, plans to list on Saudi Arabia’s parallel market, Nomu.
By TRENDS Desk
February 23, 2022 10:57 pm
  • The retail offering was 12.63 times covered after allocating one million shares to individual investors
  • The share offer price was set at Saudi Riyal 82 ($22), Aldukheil Financial Group said in the statement

Saudi-based Arabian International Healthcare Holding concluded its initial public offering’s retail subscription at SR82 million ($22 million).

The retail offering was 12.63 times covered after allocating one million shares to individual investors.

A bourse statement by the IPO financial advisor confirmed this.

The share offer price was set at SR82 ($22), Aldukheil Financial Group said in the statement.

This comes as the company, better known as Tibbiyah, plans to list on Saudi Arabia’s parallel market, Nomu.

Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.

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