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).

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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