News

Healthcare

Staff Reporter

, Middle East

Published:

6 months ago

128 views

Photo from Lara Jameson on Pexels

Fakeeh Care Group announces final IPO price of $15.3 per share

Subscription period is on 21 and 22 May.

Saudi Arabia’s Fakeeh Care Group (FCG) has set a final offer price of $15.3 (SAR57.5) for its initial public offering (IPO).

The company’s announcement follows its completion of the institutional book-building process, drawing total orders of $90.9b (SAR341b).

ALSO READ: Abu Dhabi to launch new AI academy for health workforce boost

The final price values FCG at a market capitalisation of approximately $3.6b (SAR13.3b), with the offering raising gross proceeds of $773.3m (SAR 2.9b) for the company and the selling shareholders.

Moreover, the subscription period for individual investors will commence on 21 May until 22 May.

SAR1 = $0.27

Also Read

Singapore’s aged care homes fall short

Philippines’ MPH, Intellicare, and Avega to strengthen healthcare access

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Siam Commercial Bank, Praram 9 Hospital to develop ESG-aligned financial products

Praram 9 Hospital is the first private hospital to join the Sustainability Deposit initiative.

17 hours ago

Philippines’ MPH, Intellicare, and Avega to strengthen healthcare access

Six MPH hospitals will be participating in the Preferred Partnership Programme.

Healthcare

18 hours ago

Qatar shuts down two private healthcare units for licencing violations

Legal and administrative measures are being taken against the violators involved.

Healthcare

18 hours ago

Pharma dose CMOs face slow growth amidst challenging market conditions

The global shortage of generic drugs has worsened over the past year.

Healthcare

18 hours ago

Exclusives

Singapore’s aged care homes fall short

Their services are routinary and not personalised mainly due to resource constraints.

Healthcare

17 hours ago

HMI Medical rebranding marks shift to integrated care

Through M&As, the group is building a ‘house of brands’ for each medical area.

Healthcare

Electronic health records with AI show promise

They are also at risk from backdoor attacks, data poisoning and unauthorised access.

Healthcare

Patients suffer from Southeast Asia’s lack of unified health platform

The absence of a single ecosystem is hurting patients’ welfare.

Healthcare

Event News

Medical Fair Asia and Medical Manufacturing Asia fosters connections, collaborations in the healthcare and medical technology industry

Healthcare

The trade show, which was held in Singapore, successfully brought together over 13,000 visionary digital health innovators, government leaders, and industry pioneers from the medical and healthcare sectors.