Medical and Scientific Equipment House revealed the prospectus for offering 6 million shares in the Saudi market, representing 30% of its capital of 200 million riyals.
The institutional subscription period and book building process is scheduled to start on January 17 for an eleven-day period. The subscription period for individuals will start on January 31, for a period of four days.
The final allotment of the offering shares will be announced on February 8th.
The Medical and Scientific Equipment House was established with a capital of 20 million Saudi riyals in the year 1979. Then the institution was transformed into a limited liability company in the year 2000 with the same capital value.
The company’s capital was increased to 21 million riyals in 2003, and then turned into a closed joint stock company in 2015.
With the development of business, the company increased the capital to 120 million riyals in 2016, followed by another increase in the capital to 200 million riyals in 2017, according to what the company reported on its website.