Saudi market regulator approves Sulaiman Al-Habib Medical Group IPO

The company is offering 52.5 million shares for a 15 percent stake. (File photo: Courtesy)

Saudi Arabia’s Capital Market Authority (CMA) announced on Monday that it had issued a resolution approving the Dr. Sulaiman Al Habib Medical Services Group Company’s application for an initial public offering (IPO).

Dr Sulaiman Al Habib Medical Services is one of the biggest hospital operators in the Middle East.

The company is offering 52.5 million shares for a 15 percent stake.

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Last Update: 13:41 KSA 16:41 - GMT 13:41
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