Riyadh-Mubasher: Saudi Arabia's Middle East Healthcare Co. (MECO) will start on Wednesday the book-building process to float 27.6 million shares, or 30% of capital reaching SAR 920.4 million (92 million shares).
The book-building will last seven days, said Samba Capital, financial advisor, lead manager and underwriter.
A total of 27.6 million shares of MECO will be allocated for institutions and investment funds, and Samba Capital has the right to reduce this figure by 30% (8.28 million shares) after obtaining the approval of Capital Market Authority (CMA).
The market regulator earlier set the subscription period for retail investors from 3-9 March.
