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Sulaiman Al Habib plans IPO in February – Report

Sulaiman Al Habib plans IPO in February – Report
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Riyadh – Mubasher: Sulaiman Al Habib Medical Group, a Saudi-based private healthcare operator, plans an initial public offering (IPO) as early as next month, Bloomberg reports.

The company has reportedly hired Jadwa Investment and Riyad Capital as IPO advisers.

Last September, Saudi Arabia’s Capital Market Authority (CMA) approved Sulaiman Al Habib Medical Group’s request to offer 52.5 million shares, representing 15% of the company’s share capital.

The medical group initially planned to sell shares in 2014, but plans have been delayed ever since.

The group operates around 14 medical centres across Saudi Arabia, the UAE, and Bahrain.