The Saudi market is waiting.. "Specialized Medical" is set to offer its shares for subscription soon!

The Saudi Capital Market Authority announced on Wednesday its approval for the registration and offering of 30% of the shares of "Specialized Medical," the owner of SMC hospitals, for public subscription in the Saudi financial market, as part of its support for the growth of the healthcare sector and the enhancement of investment opportunities in the financial market.

The Authority clarified that the offering will include 75 million shares, and that the issuance prospectus will be published well ahead of the subscription date to provide all necessary financial and investment information to investors, including detailed data on the company's performance and future plans. The Authority confirmed that its approval is valid for a period of six months from the date of the decision and will be canceled if the offering and listing are not completed within this specified period.

Growth of the Saudi Healthcare Sector and Increase in Listings in the Financial Market

This offering comes amid significant expansion seen in the healthcare sector in Saudi Arabia, as the Kingdom seeks to enhance the role of the private sector in health services and stimulate investments in this vital field. Last year, the Saudi financial market saw the listing of "Fakieh" and "Al-Mousa Healthcare," with offerings amounting to 2.9 billion riyals and 1.7 billion riyals, respectively, contributing to an increase in the number of listed companies in the sector to 11.

According to market data, the total market capitalization of listed healthcare companies reached approximately 173 billion riyals by the close of trading on Wednesday, reflecting the rapid growth of this vital sector, which is a fundamental part of the Kingdom's Vision 2030 aimed at developing health services and improving their quality through local and international investments.

"Specialized Medical" is considered one of the leading companies operating in the field of hospitals and advanced medical care in the Kingdom. The public offering is expected to enhance the company’s ability to expand and develop and to increase its operational efficiency, in line with the ongoing growth in demand for healthcare services in Saudi Arabia.

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