Investors

Introduction

The Arabian International Healthcare Holding Company “TIBBIYAH” appointed Al Dukheil Financial Group as the financial advisor and lead bookrunner in connection with the offering and appointed Al Rajhi Capital and Derayah Financial as joint bookrunners.

Offering Summary

This summary is intended to give a general overview about the IPO, however, it should not be used exclusively, to make investment decision about the offering. Accordingly, it is highly recommended that all prospect investors diligently review the IPO prospectus and its risks section prior to investing.

Company Arabian International Healthcare Holding Company
Issued capital 200,000,000 (two hundred million Saudi riyal)
Total number of shares 20,000,000 (twenty million shares)
Par value SAR 10 per Share
Total number of offered shares 5,000,000 (five million shares)
Free Float % 25%

Timeline

Event Date 
Processing Qualified Investors (Non-Individuals) Applications and Book-Building Period From 30/01/2022G to 03/02/2022G
Qualified Investors (Non-Individuals) Subscription From 09/02/2022G to 14/02/2022G
Qualified Investors (Individuals) Subscription From 15/02/2022G to 17/02/2022G
Deadline for Qualified Investors (Non-Individuals) to submit Subscription Application Forms Based on the Provisionally Allocated Offer Shares 14/02/2022G
Deadline for Qualified Investors (Non-Individuals) to fund subscription amounts based on the Provisionally Allocated Offer Shares 14/02/2022G
Deadline for Qualified Investors (Individuals) to Submit Application Forms and fund Subscription amounts 17/02/2022G
Announcement of Final Offer Shares Allotment and Notifying Investors 21/02/2022G
Refund of Excess Subscription Monies (if any) 23/02/2022G
Expected Start Date of Trading on the Exchange Trading in the Offer Shares is expected to commence after all relevant legal requirements and procedures have been completed. An announcement of the commencement of trading of the shares will be made on the local newspapers and on Saudi Tadawul’s website: www.saudiexchange.sa

Subscription

Targeted Investors

Offering of the Company’s shares is directed only to two Groups of Qualified Investors as follows:

Tranche (A): Qualified Investors (Non-Individuals):

1. Capital Market Institutions acting on their own behalf.
2. Customers of a capital market institution authorized to perform management activities, provided that the capital market institution has been appointed under terms that enable it to make decisions to accept participation in the Offering and to invest in the Parallel Market on behalf of the customer without the need for his prior approval.
3. The Kingdom’s government, any governmental entity, or any international body recognized by the Capital Market Authority in the Kingdom, the Saudi Stock Exchange, or any other stock exchange recognized by the CMA, or the Securities Depository Centre.
4. Government-owned companies, whether investing directly or through a portfolio managed by a capital market institution authorized to perform management activities.
5. Companies and funds established in GCC countries.
6. Investment funds.
7. Non-resident foreign investors who may invest in the Parallel Market and meet the requirements set out in the Guidance Note for the Investment of Non-Resident Foreigners in the Parallel Market.
8. Qualified foreign financial institutions.
9. Any other legal persons who may open an investment account in the Kingdom and an account with the Depository Centre; and
10. Any other persons defined by the CMA

Tranche B: (Individual) Qualified Investors:

Natural persons who may open an investment account in the Kingdom and an account with the Depository Centre and meet any of the following criteria: (a) have made transactions in the securities market with a total value of not less than (SR 40,000,000) forty million Saudi riyals and not less than (10) ten transactions per quarter during the past 12 months; (b) the value of their net assets is not less than (SR 5,000,000) five million Saudi riyals; (c) is working or has worked in the financial sector for at least (3) three years; (d) has a CME-1 approved by the CMA; or (e) holds a professional certificate that is related to dealing with securities and accredited by an internationally recognized entity.

Offered Shares

Number of Offer Shares for Qualified Investors (Non-individuals): (5,000,000) five million shares, representing 100% of the total Offer Shares. If Qualified Investors Individuals) subscribe to all the Offer Shares allocated to them, the Lead Bookrunner has the right to reduce the number of shares allocated to Qualified Investors (Non-individuals) to (4,000,000) four million Offer Shares, as a minimum, representing 80% of the total Offer Shares

Number of Offer Shares for Qualified Investors (Individuals): (1,000,000) one million Offer Shares – in maximum – representing 20% of the total Offer Shares.

Method of Subscription

Subscription method for Qualified Investors (Non-Individuals): Qualified Investors (Non-Individuals) are entitled to apply to participate in the book-building process, and the Lead Bookrunner and Bookrunner will provide the application forms to the Qualified Investors (Non-Individuals) during the book-building process. After the initial allotment, the Lead Bookrunner and the Bookrunner will provide the Subscription Application Forms to the Qualified Investors (Non-individuals) to whom shares have been allocated and which they must complete.

Subscription method for Qualified Investors (Individuals): Qualified Investors (Individuals) who have an active investment account to invest in the Parallel Market may submit their applications to subscribe to the Offer Shares through electronic channels of the Receiving Entity during the Offering Period.

Subscription limits

The minimum number of shares that can be subscribed to by Qualified Investors (Non-individuals): (10,000) ten thousand shares.
The minimum number of shares that can be subscribed to by Qualified Investors (Individuals): (10) ten shares.

Allocation and Refund

Method of Allocation for Qualified Investors (Non-Individuals): The initial allocation of the Offer Shares will be made at the discretion of the Financial Advisor in coordination with the Company, using the discretionary share allocation mechanism. The Offer Shares will be finally allocated to Qualified Investors (Non-individuals) through the Lead Bookrunner after the Qualified Investors (Individual) subscription process is completed. The number of the Offer Shares that will be initially allocated to the Qualified Investors (Non-individuals) participating in the subscription is (5,000,000) five million shares, representing 100% of the total Offer Shares, bearing in mind that if there is a sufficient demand from Qualified Investors (Individuals) in the Offer Shares, the Lead Bookrunner has the right to reduce the number of shares allocated to the participating classes to (4,000,000) four million Offer Shares, as a minimum, which represents 80% of the total Offer Shares after completing the subscription process of the Qualified Investors (Individuals).

Method of Allocation for Qualified Investors (Individuals): It is expected that the Offer Shares will be allocated no later than Monday 20/07/1443 H (corresponding to 21/02/2022G). A maximum of 20% of the total Offer Shares being (1,000,000) one million Offer Shares will be allocated to the Qualified Investors (Individuals), bearing in mind that the minimum allocation for each (Individuals) Qualified Investor will be ten (10) Offer Shares, and the remainder of the Offer Shares (if any) will be allocated on a pro-rata basis, based on the percentage of shares requested by each (Individuals) Qualified Investor to the total shares to be subscribed to. If the number of the Qualified Investors (Individuals) exceeds (100,000) one hundred thousand subscribers, the Company does not guarantee the minimum allocation, and the allocation will be made as suggested by the Lead Bookrunner.

Refund of oversubscribed monies: The Lead Manager and the Issuer will open an Escrow Account to receive the subscription amounts. Each subscriber must submit a subscription application and deposit the subscription amount in this account.

After the Offering Period ends, the final allotment will be announced by notification to the investors, no later than Monday 20/07/1443 H (corresponding to 21/02/2022G). The shares offered for subscription will be allotted as suggested by the Financial Advisor in consultation with the Issuer. The refund of the surplus (if any) will be affected within the two working days following the allotment process, and the subscription surplus (if any) will be returned to the Qualified Investors without any commissions or deductions from the Receiving Entity of the Offering Proceeds, and it will be deposited in the subscriber’s accounts specified in the Subscription Applications.

For more information and prospectus, please visit the website of:

Important Resources

TIBBIYAH IPO – Red Herring Prospectus

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