Logo of Arabian International Healthcare Holding
Arabian International Healthcare Holding Co. (Tibbiyah) issued prospectus for offering 5 million shares, or 25% of its capital, on Parallel Market (Nomu).
The Capital Market Authority (CMA) approved, on Dec. 29, 2021, the application received from the company to offer 25% of its capital on Nomu.
The company’s capital amounts to SAR 200 million, divided into 20 million shares.
The offering will be confined to qualified investors, as per the Rules On The Offer Of Securities And Continuing Obligations. Qualified investors include the capital market institutions authorized to act on their own account; clients of a licensed capital market institution; the Saudi government, any governmental body, any international entity approved by CMA or the Saudi market, or any other financial market recognized by CMA or the Securities Depository Center (Edaa); companies that are owned by the government, directly or through private portfolio manager; companies and funds established in the GCC countries; investment funds and the natural persons allowed to open investment accounts in the Kingdom and with Edaa.
Those investors are required to have executed deals in securities markets, with a total value of not less than SAR 40 million, and not less than 10 deals in each quarter during the past 12 months; have net asset value of no less than SAR 5 million; have been working or have for at least 3 years in the financial sector; holds a general certificate in securities dealing, approved by CMA; holds a professional certificate in the field of securities business, approved by an internationally recognized body.
Qualified investors include any other persons to be determined by CMA.
Qualified non-individual investors will participate in the book-building process, while subscription period for them will run during the period Feb. 9-14. Meanwhile, subscription by individual investors will be during the period Feb 15-17.
The company provides integrated medical solutions to healthcare service providers in the Kingdom.
Company Profile | |
Company | Arabian International Healthcare Holding Co. (Tibbiyah) |
Market | Parallel Market – Nomu |
Core Activities | Provision of integrated medical solutions to healthcare providers |
Capital | SAR 200 mln |
Number of shares | 20 mln shares |
Capital after IPO | SAR 200 mln |
IPO Summary | |
Issue percentage (%) | 25% of capital |
Number of offered shares | 5.0 mln shares |
Minimum subscription limit for retail investors | 10 shares |
Minimum subscription limit for non-individual investors | 10,000 shares |
Maximum subscription limit for individual and non-individual investors | 980,000 shares |
Subscription period | For non-individual investors: From Feb. 9 to Feb. 14 For retail investors: From Feb. 15 to Feb. 17 |
Final allotment | Feb. 21, 2022 |
Refund (if any) | Feb. 23, 2022 |
Company Shareholders | ||||
Shareholders | Before Offering | After Offering | ||
Number of shares (mln shares) | Ownership (%) | Number of shares (mln shares) | Ownership (%) | |
Advanced Pharmaceuticals Co. | 19,800 | 99.0% | 15.00 | 75.0% |
Al Faisaliah Commercial Investment Co. | 0.200 | 1.0% | 0% | |
Public | — | — | 5.0 | 25.0% |
Total | 20.0 | 100% | 20.0 | 100% |
Additional Information | |
Financial Advisor and Lead Bookrunner | Aldukheil Financial Group |
Lead Manager | Derayah Financial |
Receiving banks | Derayah Financial – Al Rajhi Bank |
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