Here’s an overview of how the biggest IPOs in the Middle East have performed this year, along with insights on upcoming major developments
Nahdi Medical Company
Latest in Nahdi Medical Company
GCC IPO activity
Saudi’s largest retail pharmacy chain sees 1.09 million investors subscribing to invest $1.8 billion for the retail tranche of its IPO
The final offer price for the Nahdi Medical Company’s IPO has been set at SAR 131 per share, implying a market capitalisation at listing of $4.54 million
GCC IPO activity
Saudi’s biggest pharmacy retailer to mark largest Saudi IPO since Aramco with top end price listing
Nahdi Medical Co. said it will sell shares at 131 riyals ($34.92) apiece after the institutional part of the offering ended. At that price, the company is set to raise $1.36 billion
GCC IPO activity
Saudi billionaire’s investment firm plans IPO of top drugstore
Al Nahdi Medical plans to float 30% of the company on the Saudi stock market
