The value of the individuals' offering in the Al-Dawaa Medical Services IPO amounted to more than 4.6 billion riyals.
According to Arabiya Net, GIB Capital, in its capacity as the IPO manager for Al-Dawaa for Medical Services Al-Dawaa, announced today, Tuesday, the completion of the offering process for the individual category and the allocation of two shares as a minimum. Minimum for each individual subscriber included in the subscription application.
And she added, in a statement to Saudi Tadawul, that the remaining shares will be allocated on a pro-rata basis based on the volume of each subscriber's request to the total remaining shares required to be subscribed, with an allocation ratio of 0.5299% on a pro-rata basis.
The company offered 25,500,000 shares, representing 30% of the company's capital, 90% of which were allocated to the participating parties and 10% to individuals.
The subscription period for individual subscribers began on Sunday, February 27, 2022 and ended on Tuesday, March 1, 2022, by subscribing to the entirety of the shares allocated to this segment, amounting to 2,550,000 shares at 10% of The total offered shares, at a price of 73 Saudi riyals per share, through the receiving entities.
The number of individual participants amounted to 1,110,942, and their total requests amounted to 4,682,584,270 riyals, with a coverage rate of 2.515%, and thus the allocation percentage will be 0.5299%, and the surplus subscription to individual subscribers will be refunded on a date no later than March 9, 2022.
