Riyadh – Mubasher: The Capital Market Authority (CMA) passed the initial public offering (IPO) of Dr. Soliman Abdul Kader Fakeeh Hospital Company to trade shares on the Saudi Exchange (Tadawul).

The company intends to float 49.80 million shares, representing 21.47% of its share capital, according to a bourse disclosure.

The CMA granted its approval for the company’s Tadawul listing on 27 March 2024.

Earlier in March, the CMA also greenlighted the IPO of Rasan Information Technology Company.