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Share of “Sulaiman Al Habib” climbs 7% in the first minutes listing it on the Saudi market

The Saudi stock market (Tadawul) received today, Tuesday, March 17, the shares of Sulaiman Al Habib Medical Services Group, within the health care sector.

At the first minutes, the stock rose by about 7%, to exceed its price of 53 riyals.

“Tadawul” announced, earlier, that it will list and start trading the shares of Al Habib Group, with the code 4013, with a daily fluctuation of the share price of 10%.

Jadwa Investment and Riyad Capital, the two lists of the role of financial advisor and underwriter for the Sulaiman Al Habib Medical Services Group, announced that the company’s public offering was covered 83 times, with a total value of 217 billion riyals.

The individuals ’subscription period ended on Tuesday 3 March 2020 AD, and 5.25 million ordinary shares were allocated, representing 10% of the total offering shares.

Sulaiman Al Habib offered 15% of its shares for public subscription, equivalent to 52.5 million shares.