Saudi Arabia's Middle East Healthcare Company, which postponed its public share sale last month, has rescheduled its offering to run from March 3-9, the market regulator said.

The Capital Market Authority on January 18 said the company requested postponing its initial public offering and added that the company had to determine a new date for its offering within six weeks and finalise its flotation by March 31 or its regulatory approval would be considered cancelled.

Middle East Healthcare Company was to offer 30 percent of itself in its initial share sale, first to initial investors and then the public. The latter phase was supposed to run February 3-9, according to a Decemebr 30 bourse statement. - Reuters