Riyadh – Mubasher: Scientific and Medical Equipment House Company (SMEH) has set the price range for the potential initial public offering (IPO) at SAR 45 - 52 per share.

The institutional book-building period is scheduled on 17 January 2022 and ends on 27 January 2022, according to a bourse filing on Sunday.

Alistithmar for Financial Securities and Brokerage Company (Alistithmar Capital) acts as the financial advisor, bookrunner, lead manager, and underwriter.

The offering comprises six million ordinary shares, representing 30% of the company’s issued share capital.

It is noteworthy to mention that in November 2021, the Capital Market Authority (CMA) approved the IPO of Scientific and Medical Equipment House Company's shares.