Healthcare firm first to test Tadawul since 'transformative' Aramco IPO
Dr Suliaman Al Habib Medical Group, one of the largest private health companies in Saudi Arabia, has announced it is seeking to list on the Tadawul stock exchange. It is the first company to attempt an IPO there since the record listing of Saudi Aramco last December.
EFG Hermes, Jadwa Investment and Riyad Capital are bookrunners on the sale of 52.5m shares. The offering represents roughly 15% of the company’s share capital.
The final size of the IPO will be revealed, along with the offer price, at the close of bookbuilding.Like most Saudi deals, ...