SMC Healthcare's IPO Secures $500 Million
Deal News | Jul 08, 2025 | White & Case LLP
Global law firm White & Case LLP has played a pivotal role in advising the Saudi Arabian healthcare provider SMC Healthcare on its initial public offering (IPO) on the Main Market of the Saudi Exchange, Tadawul. This IPO led to gross proceeds of approximately US$500 million with the share price at the upper limit of SAR 25. The listing signifies a market capitalization of approximately US$1.67 billion. The offering attracted substantial interest from institutional investors, generating demand that exceeded US$32.4 billion. The company, based in Riyadh, is prominent for its comprehensive healthcare services and runs two tertiary care hospitals, with plans for expansion. White & Case's advisory team was driven by partners from both Dubai and Riyadh offices.
Sectors
- Healthcare
- Legal Services
- Finance
Geography
- Saudi Arabia – The article focuses on the IPO of SMC Healthcare, a Saudi Arabian healthcare provider, on the Saudi Exchange, Tadawul.
- Dubai – White & Case's team involved in the advisory role includes partners and associates based in Dubai.
Industry
- Healthcare – The article discusses SMC Healthcare, a provider of comprehensive healthcare services and its public market debut, indicating its relevance to the Healthcare industry.
- Legal Services – The involvement of the global law firm White & Case in the advisory role for the IPO highlights the Legal Services industry.
- Finance – The IPO and financial figures discussed in the article connect it to the Finance industry, specifically relating to public offerings and investments.
Financials
- SAR 1.875 billion (US$500 million) – The gross proceeds raised from the IPO.
- SAR 25.00 per share – The final offer price at which the shares were sold.
- SAR 6.25 billion (US$1.67 billion) – The market capitalization of SMC Healthcare at the time of listing.
- SAR 121.3 billion (US$32.4 billion) – The total demand from institutional investors for the offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SMC Healthcare | Target Company | Company | A leading Saudi Arabian healthcare service provider involved in the IPO. |
| White & Case LLP | Legal Advisor | Company | A global law firm that advised SMC Healthcare on its IPO. |
| Sami Al-Louzi | Partner | Person | A leading partner from the Dubai office of White & Case engaged in the transaction. |
| Majed Alkuraydis | Partner | Person | A partner from the Riyadh office of White & Case involved in the advisory team. |
| Saudi Exchange (Tadawul) | Stock Exchange | Company | The primary exchange where SMC Healthcare listed its shares. |