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 246.50 -0.40 (-0.17%)
MOUWASAT 69.70 0.50 (0.72%)
DALLAHHEALTH 121.10 -1.20 (-0.99%)
FAKEEHCARE 36.46 0.48 (1.33%)
CHEMICAL 8.14 0.05 (0.61%)

Recent News

Beyon Cyber named fastest-growing cybersecurity company by Deloitte

28/04/2026

BEYON Cyber has been recognised as the fastest-growing cybersecurity company in the region for the fourth consecutive year by Deloitte.

The company, part of the Beyon Group, secured its rank

GDN Online

Adnoc LNG tanker crosses Strait, headed to India, says report

28/04/2026

A liquefied natural gas (LNG) tanker managed ?by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data quoted by Reuters showed.

The 136,357 cu m tank

GDN Online

QNB's ISO 9001:2015 certification extended to international network

28/04/2026

QNB Group has expanded the scope of its ISO 9001:2015 certification for the Policies and Procedures Department within the Operations Control Division to include its diverse international network.

Gulf Times

Baladna achieves 6% net profit growth in Q1 2026

28/04/2026

Baladna Q.P.S.C., Qatar's leading dairy and juice company, announced its financial results for the three-month period ended 31 March 2026. The Company delivered strong profitability during the quarte

Gulf Times

Zain Kuwait tops Service Hero's Telecom ranking for 14th time, country's leading ISP for 10th time

28/04/2026

Zain Kuwait has reaffirmed its leadership in customer experience after ranking first in the Telecom category of Service Hero's Customer Satisfaction Index for the 14th time. The company also secured

Kuwait Times

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