Saudi Arabia: Sulaiman Al Habib Medical Group gets IPO approval

Saudi Arabian hospital operator Sulaiman Al-Habib Medical Group has had its plans for an initial public offering approved by the Capital Market Authority (CMA). The flotation could value the company at US$2.5bn. ‘The Capital Market Authority Board has issued its resolution approving Dr Sulaiman Al Habib Medical Services Group Company’s application for the offering of…

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