Saudi retail investors will start, today Feb. 26, subscribing to around 5.25 million shares of Dr. Sulaiman Al Habib Medical Group (HMG) initial public offering at SAR 50 per share, after completing the book-building process.

 

The retail offering will run through Tuesday, March 3.

 

Here’s a look at the IPO timeline:

 

HMG’s IPO Timeline

Subscription period for retail investors

From Feb. 26 to March 3

Deadline for subscribed retail investors to submit their subscription forms and payment

March 3

Announcement of final allotment

March 9

Deadline for retail investors surplus repayment

March 9

Expected date for trading kick off

After fulfilling all regulatory requirements and procedures

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