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14 January 2020
MARKETS

Dr. Sulaiman Al Habib Medical Group plans to list on Tadawul

The deal will be the first IPO to come to the local market after Saudi Aramco raised more than $29 billion in December 2019.

The hospital operator has appointed Jadwa Investment and Riyad Capital as advisers on the deal/Bloomberg

by Bloomberg

Dr. Sulaiman Al Habib Medical Group, Saudi Arabia’s largest private hospital operator, plans an initial public offering in February 2020, in what will be a litmus test for investor appetite after the world’s biggest share sale.

The hospital operator has appointed Jadwa Investment and Riyad Capital as advisers on the deal.

In September 2019, the hospital operator received approval from the Kingdom’s Capital Market Authority to sell 52,5 million shares representing around 15 per cent of its share capital.

Dr. Sulaiman Al Habib Medical, which operates at least 14 medical facilities across Saudi Arabia, the UAE and Bahrain, initially planned to sell shares in 2016.


RELATED STORIES: initial public offering Dr. Sulaiman Al Habib Medical Group Capital Market Authority

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