KSA's National Medical Care accomplishes IPO mission
- Saudi Arabia: Wednesday, March 13 - 2013 at 18:57
The Saudi bourse continued its oscillograph-style trading on Wednesday. The Tadawul All-Share Index gained 0.56% to reach 7,025.37 points. Since the start of 2013, the gauge has been trading in a range between 7,000 - 7,165 with narrowing Bollinger bands. Sabic added 0.27% to reach SR93.50. National Medical Care Co. successfully completed its IPO in Riyadh, as the 2003-founded healthcare firm listed 13.5m shares, representing 30.10% of the company. National Medical Care opened at SR81 and closed at SR122 on the first day of trading.
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Gérard Al-Fil, Financial Journalist



