The health care services company said in a statement that the price range for the offering was set at between 123 and 127 riyals per share, which means a market value ranging between 5.45 and 5.62 billion riyals.
It may be proposed Al-Mousa Companywhose services include primary, critical and rehabilitation care, is the second largest initial public offering in the Kingdom since the beginning of the year after Fakeeh Healthcare Group raised $763.5 million through a listing in May.
Al-Mousa said that Tawuniya Insurance and Al-Fawzan Holding have committed to jointly subscribe for 22 percent of the shares offered.
The final price of the offering will be determined at the end of the book-building period for institutions, which begins today, Wednesday, and continues until December 10.
Saudi Fransi Capital was appointed as a financial advisor and underwriting manager. It also acts as an underwriter and manager of the institutional underwriting registry in cooperation with EFG Hermes Saudi Arabia.
