Home Business On January 17 the start of the institutional subscription to the “Medical...

On January 17 the start of the institutional subscription to the “Medical Equipment House”.

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Medical and Scientific Equipment House has revealed the prospectus for offering 6 million shares in the Saudi market, which represents 30% of its capital of 200 million riyals.

The institutional subscription period and book creation process will begin on January 17th for an eleven day period. The subscription period for individuals will start on January 31, for a period of four days.

The final allotment of the shares offered will be announced on 8 February.

The Medical and Scientific Equipment House was founded with a capital of 20 million Saudi riyals in the year 1979. Then the institute was transformed in a limited liability company in the year 2000 with the same capital value.

The company’s capital was increased to 21 million riyals in 2003 and then transformed in a joint stock company closed in 2015.

With the development of the business, the company increased its capital to 120 million riyals in 2016, followed by another capital increase to 200 million riyals in 2017, the company reported on its website. web.

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