HomeSectorHealthcareKSA: SMC raises SAR1.875bn from IPO on Saudi Exchange

KSA: SMC raises SAR1.875bn from IPO on Saudi Exchange

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Specialized Medical Company (SMC), a leading healthcare provider in the Kingdom of Saudi Arabia (KSA), has completed its IPO raising gross proceeds of SAR1.875bn (US$500m), representing an implied market capitalization…

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Nick Herbert
Nick Herbert
Nick Herbert has over 30 years’ experience in the financial markets, as both a practitioner and journalist. He started work as an investment banker in London, before joining International Financing Review (IFR) to report on debt capital markets and derivatives. He moved to Singapore in 2000 to manage IFR’s financial markets editorial team throughout Asia, before returning to London in 2009 to take up the position of Publisher for Reuters Capital Markets Publications. For the last five years he has been covering global capital markets, ESG finance and healthcare markets on a freelance basis.
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