The Saudi Capital Market Authority (CMA) has approved a request from Sulaiman Al Habib Medical Services Group Co. to sell 52.5 million shares, or 15 percent of its capital in an initial public offering (IPO).

 

The company’s prospectus will be issued within sufficient time prior to the start of the subscription period, the Saudi market regulator said in a bourse statement on Monday.

 

Investors should study the fund terms and conditions before making any investment decisions, and can seek advice from the fund manager.

 

The CMA’s approval on the request shall be valid for six months from the CMA board resolution date.

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