Scientific and Medical Equipment starts IPO book-building process tomorrow, price range between SAR 45-52

Logo of Scientific and Medical Equipment House Co.

Alistithmar for Financial Securities and Brokerage Co. (Alistithmar Capital), the financial advisor, bookrunner, lead manager, and underwriter on the potential initial public offering (IPO) of Scientific and Medical Equipment House Co. (SMEH) said that the price range for the offering has been set between SAR 45 and 52 per share.

The book-building process will start tomorrow, Jan. 17, and will run until Jan. 27, prior to offering 6 million shares for IPO, representing 30% of the company’s capital.

The company obtained the Capital Market Authority’s (CMA) approval to list 6 million shares representing 30% of its SAR 200 million capital, according to data compiled by Argaam.

Retail investors’ subscription period will be launched on Jan. 31 and will continue for four days. 

Scientific and Medical Equipment House is a medical and non-medical operator that provides maintenance, catering and contracting services for both the public and private sectors. 

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