Saudi Arabia: Sulaiman Al Habib Medical Group plans listing

Saudi Arabian hospital operator Sulaiman Al Habib Medical Group (HMG) is planning an IPO on the Tadawul. Reports suggest that this could value the company at US$2.5bn. HMG, which currently operates 20 medical facilities across Saudi Arabia, the UAE and Bahrain, could sell as much as a 30% stake in its IPO. Founded in 1995…

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