Riyadh – Mubasher: Al Meswak Dental Clinics, Saudi Arabia’s largest provider for dental and dermatology services, is studying some strategic options, including full or partial selling of the company’s shares, Asharq Business reported citing a person familiar with the matter.

Al Meswak Clinics’ shareholders have hired EFG Hermes as a financial adviser to explore some alternatives, including the sale of the company or an initial public offering (IPO).

The source added that Al Meswak’s market value is estimated at $1 billion, noting that the potential deal already attracted regional players and international private equity companies.

In 2017, Jadwa Investment bought 70% of Al Meswak, which manages around 80 centres in 20 Saudi cities.