Abuhimed Alsheikh Alhagbani Law Firm in co-operation with Clifford Chance advised Jadwa Investment and Riyad Capital, acting as underwriters in this IPO.
Dr. Sulaiman Al Habib Medical Group is one of the biggest providers of health care in Saudi Arabia, operating hospitals, outpatient clinics, pharmacies and medical labs throughout the kingdom as well as in Dubai and Bahrain. The group employs more than 2,000 physicians.
The IPO is the first in Saudi Arabia on the main market in 2020 and the first in the health care sector in KSA since 2016.
The IPO received exceptional demand from investors and was 83 times oversubscribed with funds exceeding SAR 217 billion.
The team consisted of Mansoor AlHagbani (Picture – AS&H Partner and Head of the Capital Markets & Financial Regulatory), Omar Rashid (Clifford Chance Partner, seconded to AS&H) and Rakan Kawar, (AS&H Associate).