Successful Institutional Coverage of Middle East Healthcare Company

Samba Capital & Investment Management Company (“Samba Capital”) (Authorized by the Capital Market Authority, license No. 07069-37 and located in Kingdom Center, King Fahd Road in Riyadh), the Financial Advisor, Lead Manager, Book-runner and Sole Underwriter in respect of the Initial Public Offering (“IPO”) of Middle East Healthcare Company (“MEAHCO”), the owner and operator of the Saudi German Hospitals in the Kingdom of Saudi Arabia), announced that the institutional book building process was successfully concluded in compliance with the guidelines of the Capital Market Authority (“CMA”).

The book building process generated an order book of around SAR 10.5 billion and resulted in a subscription of 593.7% of the total offered shares as per the following breakdown:

•    Mutual Funds 168.4%

•    CMA Authorized Persons 79.6%

•    Listed Saudi Companies 240.9%

•    Government Institutions and Unlisted Saudi Companies 104.8%

Accordingly, 90% of the offered shares will be provisionally allocated to mutual funds; whereas the final allocation will occur after the completion of the retail offering, with the shares being offered at a price of SAR 64 per share.

In addition, Samba Capital clarified that institutional investors had the right to subscribe to 100% of the 27,612,000 offered shares through the institutional book building process. Meanwhile, the retail offering that represents individual subscribers will start on 23/05/1437H (corresponding to 03/03/2016G) till the end of 29/05/1437H (corresponding to 09/03/2016G). The maximum allocation to retail investors will be 8,283,600 shares which represents 30% of the offered shares in the IPO.

Samba Capital reiterated that MEAHCO has strong market reputation, robust financial results and well planned growth projects, which all contributed to the highly successful institutional book building process.