Saudi healthcare group SMC raises $500m in debut IPO

26/06/2025 07:15 AST

Specialized Medical Company (SMC), one of Saudi Arabia's leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SAR1.88 billion ($500 million).

The IPO saw strong demand from both institutional and retail investors, with the institutional tranche oversubscribed by 65 times, generating orders exceeding SAR121.3 billion ($32.3 billion), said the Saudi group in a statement.

The offering comprised 75 million ordinary shares, with 80% allocated to institutional investors and 20% to individual investors. Retail demand reached SAR542.2 million, resulting in a 1.45x oversubscription for that tranche.

According to SMC, the final offer price was set at SAR25 per share, the top of the announced range, implying a market capitalisation of SAR6.25 billion at listing.

"Today marks a major milestone in SMC's journey," said its CEO Bassam Chahine.

"Our listing reflects investor confidence in our growth strategy and our role in delivering high-quality, digitally enabled healthcare across the Kingdom," he added.

SMC is recognized as a center of excellence offering integrated healthcare services across multiple specialties, and aims to play a key role in supporting Saudi Arabia's Vision 2030 healthcare transformation agenda.


Trade Arabia

News

SMC Healthcare opens new outpatient clinic in north Riyadh

19/01/2026

Specialized Medical Company (SMC Healthcare), one of Saudi Arabia's leading private healthcare providers, today announced the official opening of its new outpatient clinic center, SMC Clinics, on Pri

Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

SMCHEALTHCARE Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SULAIMANALHABIB 251.20 -4.80 (-1.88%)
MOUWASAT 71.00 -1.25 (-1.74%)
DALLAHHEALTH 134.70 -1.40 (-1.03%)
FAKEEHCARE 34.48 -0.24 (-0.70%)
CHEMICAL 8.04 -0.16 (-1.96%)

Recent News

Gulf Bank issues its 2025 Sustainability Report

10/04/2026

Gulf Bank has issued its sixth annual Sustainability Report for the year 2025, titled "Converting to a Sustainable Path," highlighting the Bank's ESG progress and performance. The report reflects the

Kuwait Times

Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

10/04/2026

Saudia announced on Thursday the partial resumption of its operations to and from Dubai, Abu Dhabi, and Amman starting Saturday, April 11.

In a post on its official account on the social med

Asharq Al Awsat

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap