Healthcare provider Naba Alsaha sets price for 20% stake IPO at $15

RIYADH: Naba Alsaha Medical Services Co.’s initial public offering has been priced at SR57 ($15) per share, amid plans to float 1.4 million shares on the Saudi Exchange, representing 20 percent of its capital.

The subscription period will run for six days starting Aug. 8, according to the financial advisor of the offer Aldukheil Financial Group.

With a capital of SR70 million, Naba Alsaha Medical Services Co. started operating in the healthcare sector in 1984.