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RIYADH: Saudi pharmacy chain Al-Dawaa raised SR100 billion ($27 billion) in equity from institutional investors after its first sale of shares to the public. With the order book 53.8 times oversubscribed, the final offer price has been set at SR73 per share, according to a bourse filing. This translates into a market value of as much as $1.6 billion, the pharma chain operator ....
RIYADH: Saudi Arabia’s Al Dawaa chain of chemists aims to grow its store network, improve its brand image, and grow its e-commerce business, after its imminent $500 million initial public offering, the company’s commercial director has said. The company currently operates more than 900 pharmacies across 130 cities in the Kingdom, having opened 87 new branches in 2021. It aims ....