National Medical Care will embark on an initial public offering in the new year, Saudi Arabia's markets regulator said on Sunday.
The company, whose services range from hospital operations to medical supplies, will sell 30 per cent of its shares to individual and institutional investors and list on the Tadawul exchange.
The offering will commence on February 4 and complete on February 10, once the book-building process is complete, the regulator said in a statement posted on the bourse website. The regulator did not provide a listing date.
"The company's prospectus will be published within sufficient time prior to the start of the subscription period," the Capital Markets Authority said in the statement.
"The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the share price, Company's financial statements, activities and management."
The Tadawul All-Share Index slipped 0.1 per cent to close at 6,890.31 points in Sunday's trading session.
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