Specialized Medical Co. (SMC), a prominent healthcare provider in Saudi Arabia, captured significant attention during its initial public offering (IPO) following the reinstatement of recently paid dividends. The company drew roughly 121 billion SAR (32 billion USD) in orders, reflecting enduring institutional trust in its long-term prospects. This robust engagement came after SMC reassured the market by reversing its dividend allocation, reinforcing investor perception of capital discipline and sustainable growth.