Saudi CMA approves IPOs of Entaj and Almoosa Health

Both companies will provide a 30 per cent free float, with approval valid for six months. Image Credit: Bloomberg Dubai: The Saudi Capital Market Authority (CMA) approves two initial public offering (IPO) for the Tadawul main market as interest in the pipeline continues to grow. The Arabian Company for Agricultural and Industrial Investment, known for

Both companies will provide a 30 per cent free float, with approval valid for six months.
Image Credit: Bloomberg

Dubai: The Saudi Capital Market Authority (CMA) approves two initial public offering (IPO) for the Tadawul main market as interest in the pipeline continues to grow.

The Arabian Company for Agricultural and Industrial Investment, known for its poultry brand Entaj, has been granted permission to offer 9 million shares. Almoosa Health Company has received approval for an offer of 13.3 million shares.

Both companies will provide a 30 per cent free float, with approval valid for six months.

Entaj has chosen SNB Capital to manage its offering. The company is one of the largest poultry producers in Saudi Arabia, with an annual capacity of 90 million birds.

Almoosa Health operates two hospitals in the eastern Al Ahsa region, offering a total of 800 beds. Additionally, two more hospitals are being built in Al Khobar and Al Hofuf, with planned capacities of 400 and 200 beds, respectively. The company also runs pharmacies and Almoosa College of Health Sciences.

Saudi Fransi Capital has reportedly been appointed to oversee Almoosa’s offer, as reported by the source of fixed income, capital markets and investment banking news, analysis, and commentary, IFR.

主题测试文章,只做测试使用。发布者:duren0459@gmail.com,转转请注明出处:https://exploremenas.com/saudi-cma-approves-ipos-of-entaj-and-almoosa-health/

Like (0)
duren0459@gmail.com's avatarduren0459@gmail.com
Previous October 2, 2024 2:57 pm
Next October 2, 2024 2:57 pm

相关推荐

Leave a Reply

Your email address will not be published. Required fields are marked *

联系我们

400-800-8888

在线咨询: QQ交谈

邮件:admin@example.com

工作时间:周一至周五,9:30-18:30,节假日休息

关注微信
自6.2开始主题新增页头通知功能,购买用户可免费升级到最新版体验