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Saudi traders monitor stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Image used for illustrative purpose
RIYADH: Saudi pharamcy chain operator, Al-Dawaa Medical Services Co., collected SR1.9 billion from its initial public offering.
The offer price has been set at SR73 ($20), according to a bourse statement, after it completed the IPO process.
The company offered 25,500,000 shares, representing 30 percent of the company’s capital. 90 percent of the shares were allocated to participating parties, while 10 percent was given to individual investors.
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