Alistithmar for Financial Securities and Brokerage Company (Alistithmar Capital) in its capacity as the Financial Advisor, Lead Manager, Bookrunner, and Underwriter in the initial public offering of Scientific & Medical Equipment House Company (“SMEH”) (“The Offering”) announces the publication of the red herring prospectus.
The Financial Advisor added that the book-building process for the participating parties will commence on 17 January 2022 and end on 27 January 2022.
Alistithmar Capital highlighted that the participation in the aforementioned book-building process is confined to the Participating Parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority.
The final price per share will be determined after the completion of the book-building process, to be followed by the Individual Subscribers subscription process, the number of Offer Shares to be provisionally allocated to Participating Parties is six million (6,000,000) shares representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for Individual Investors. In the event that Individual Subscribers subscribe for all the Offer Shares allocated thereto, the Bookrunners shall have the right to reduce the number of shares allocated to Participating Parties to a minimum of five million and four hundred thousand (5,400,000) shares representing 90% of the total Offer Shares.
For more information and the prospectus, please visit the Capital Market Authority’s website ) or www.smeh.com.sa’s website (Scientific & Medical Equipment House Company), or www.cma.org.sa() www.icap.com.saAlistithmar Capital’s website (