Specialized Medical Company Sees Strong Investor Interest
Individual investors showed significant interest in the Specialized Medical Company (SMC Healthcare) subscription period, signaling confidence in the firm. The offering closed with substantial oversubscription, pointing to robust market enthusiasm for the healthcare provider.
Subscription Success
The financial firm, **Al -Ahly Financial Company**, acting as subscription manager and financial advisor, confirmed the successful conclusion of the individual investor subscription period for Specialized Medical. The two-day window saw strong participation from numerous investors.
A statement revealed that approximately 317,820 investors participated at the final offering price of 25 riyals per share. The total demand from individual investors reached roughly 542.2 million riyals, culminating in a 1.45-times coverage.
“At least 10 shares have been allocated to each investor in the individual investor segment, while the remaining shares will be allocated on a suitable basis based on the size of each investor’s request compared to the total subscribed shares in them and a specialization factor of 63.9%.”
—SMC Healthcare Statement
According to recent data, over the past year, healthcare IPOs have demonstrated an average return of 18% in their first six months on the market (Industry Analysis 2024).
Subscription Details
The subscription process saw 15 million shares offered to individuals, priced at 25 riyals per share. The individual coverage reached 1.45 times the offering.
The total value of individual requests amounted to approximately 542.2 million riyals. The minimum allocation for each individual was 10 shares.
The remaining shares will be allocated on a proportional basis based on the size of each investor’s request compared to the total shares subscribed, with a customization factor of 63.9%.
Company Overview
Individuals subscribed to 15 million shares of Specialized Medical Company – SMC Healthcare at 25 riyals each between Sunday, June 15, and Monday, June 16, 2025. This was determined through the process of building a command record.
The company has launched 75 million shares for public subscription in the main market, representing 30% of the company’s capital, which is 250 million riyals, divided into 250 million shares, with a nominal value of one riyal per share.
Institutional allocations saw coverage of approximately 64.7 times the total shares offered.
This strong investor response highlights the market’s positive outlook on SMC Healthcare, promising further growth for the company.
