Dr. Sulaiman Al Habib Medical Group plans an initial public offering (IPO) in February, Bloomberg reported.

 

The group named Jadwa Investment and Riyad Capital as IPO advisors.

 

In September, the Capital Market Authority (CMA) approved Dr. Sulaiman Al Habib Medical Group Co.’s request to sell 52.5 million shares, or 15 percent of its capital in an initial public offering (IPO).

 

Dr. Sulaiman Al Habib Medical Group was established in Riyadh in 1995 and currently owns 12 hospitals and medical centers including a hospital in Dubai and a center in Bahrain.

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