Latest news with #DerayahFinancial
Argaam
08-07-2025
- Business
- Argaam
List of receiving entities for Sport Clubs IPO
Retail investors began today, July 8, subscribing to 6.86 million shares of Sport Clubs Co. at SAR 7.5 per share, as determined through the book-building process. The company stated that the retail subscription period will be limited to just one day. Sport Clubs plans to offer 34.32 million shares, representing 30% of its SAR 250 million share capital, at nominal value of SAR 1, according to data compiled by Argaam. The receiving entities are Derayah Financial, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, Albilad Capital, AlJazira Capital, Alistithmar Capital, Alinma Investment, Yaqeen Capital, Alkhabeer Capital, SAB Invest, ANB Capital, Sahm Capital, GIB Capital, Musharaka Capital, EFG Hermes Saudi Arabia, Osool & Bakheet Investment, and Awaed Capital.
Argaam
08-07-2025
- Business
- Argaam
Sport Clubs offers 6.86M shares at SAR 7.5 to retail investors
Sport Clubs Co. launched a retail offering of 6.86 million shares on the Main Market (TASI) today, on July 8, pricing the shares at SAR 7.5 each, as set through the book-building process. The retail subscription period will be open for one day only. The shares allocated to individual subscribers represent 20% of the total shares on offer. For More IPOs In March, the Capital Market Authority (CMA) approved the company's application to list and offer 34.32 million shares on TASI. The offer represents 33% of Sport Clubs' pre-IPO capital of SAR 104 million, divided into 104 million shares with a par value of SAR 1 each. Post-IPO, the offering will account for 30% of the company's enlarged capital following the issuance of new shares. The institutional tranche closed last week, with the offering covered approximately 44.1 times the total number of shares on offer. Sport Clubs will be the seventh company to list on TASI this year, following the IPOs of Derayah Financial on Feb. 20, Arabian Company for Agricultural & Industrial Investments (Entaj) on Feb. 26, Umm Al Qura for Development and Construction Co. (Masar) on May 5, United Carton Industries Co. (UCIC) on May 12, Flynas Co. on May 28, and Specialized Medical Co. (SMC) on June 15. Tadawul witnessed 14 IPOs last year, following listings by Middle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30, Modern Mills for Food Products Co. on March 5, Miahona Co. and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28, Rasan Information Technology Co. on May 29, Almajed for Oud Co. on Sept. 15, Arabian Mills Co. on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2, Tamkeen Human Resources Co. on Nov. 5, United International Holding Co. on Nov. 19, Almoosa Health Co. on Dec. 23, and Nice One Co. on Dec. 24.
Argaam
25-06-2025
- Business
- Argaam
SMC to debut on TASI today at SAR 25/share
Shares of Specialized Medical Co. (SMC) starts trading on the Main Market (TASI) today, June 25, under the symbol 4019 and ISIN code SA16B0CHUPH2, priced at SAR 25 apiece. The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply. SMC will be the eighth company to list on TASI this year, following the IPOs of Almoosa Health Co. on Jan. 7th, Nice One Beauty Digital Marketing Co. on Jan. 8th, Derayah Financial on March 10, Arabian Company for Agricultural & Industrial Investments (Entaj) on March 17, Umm Al Qura for Development and Construction Co. (Masar) on March 24, United Carton Industries Co. (UCIC) on May 27, and flynas on June 18. Last year witnessed the listing of 13 companies, in addition to Alistithmar AREIC Diversified REIT Fund. Listing SMC will bring the number of companies listed on Tadawul to 237, excluding the 19 listed real estate investment trusts (REITs).
Argaam
15-06-2025
- Business
- Argaam
List of receiving entities for SMC IPO
Retail investors began today, June 15, subscribing to 15 million shares of Specialized Medical Co. (SMC) at SAR 25 per share, as determined through the book-building process. Retail investors subscription period was initially scheduled to begin on May 28 and end on May 29, before the postponement was announced. For More IPOs The company decided to float 75 million shares, or 30% of its share capital valued at SAR 250 million, divided into 250 million shares, at a nominal value of SAR 1 per share, data compiled by Argaam showed. The receiving entities are Derayah Financial, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, Albilad Capital, AlJazira Capital, Alistithmar Capital, Alinma Investment, Yaqeen Capital, Alkhabeer Capital, SAB Invest, ANB Capital, Sahm Capital, and GIB Capital.
Argaam
15-06-2025
- Business
- Argaam
SMC opens 15M shares at SAR 25 for retail subscribers
Specialized Medical Co. (SMC) launches today, June 15, a retail offering for 15 million shares on the Main Market (TASI) at SAR 25 each, as determined by the book-building process. The shares allocated to individual subscribers represent 20% of the total shares on offer. The subscription period will continue for two days until June 16. The retail offer was earlier scheduled for May 28-29, but was postponed. For More IPOs In March, the Capital Market Authority (CMA) approved the company's application to list and offer 75 million shares on TASI, representing 30% of its capital. SMC will allocate 5.87 million shares, representing 2.35% of post-IPO capital, to The Company for Cooperative Insurance (Tawuniya) as a cornerstone investor. Institutional offering ended last week, with a coverage ratio of 64.7 times. SMC will be the sixth company to list on TASI this year, following the IPOs of Derayah Financial on Feb. 20, Arabian Company for Agricultural & Industrial Investments (Entaj) on Feb. 26, Umm Al Qura for Development and Construction Co. (Masar) on May 5, United Carton Industries Co. (UCIC) on May 12 and Flynas Co. on May 28. Tadawul witnessed 14 IPOs last year, following listings by Middle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30, Modern Mills for Food Products Co. on March 5, Miahona Co. and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28, Rasan Information Technology Co. on May 29, Almajed for Oud Co. on Sept. 15, Arabian Mills Co. on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2, Tamkeen Human Resources Co. on Nov. 5, United International Holding Co. on Nov. 19, Almoosa Health Co. on Dec. 23 and Nice One Co. on Dec. 24. Key background Founded in 1994, SMC is a closed joint stock company headquartered in Riyadh. It focuses on developing, managing, and operating multi-specialty general hospitals, which provide primary, secondary and tertiary healthcare services. According to its articles of association, the company's activities include the retail sale of pharmaceutical and medical products, cosmetics, and toiletries in specialized stores, warehousing, and other food service activities, hospitals, and other human health services. The company's current capital stands at SAR 250 million, divided into 250 million shares with a nominal value of SAR 1 per share. It runs two hospitals in Riyadh: SMC (1) on King Fahd Road and SMC (2) on King Abdullah Road. Three more hospitals are under development in the capital city.
