PIF weighs IPO for NUPCO in early 2024

23/10/2023 Argaam
Logo of National Unified Procurement Co. (NUPCO)

Logo of National Unified Procurement Co. (NUPCO)

The Public Investment Fund (PIF) is considering an IPO for National Unified Procurement Co. (NUPCO) early next year, Bloomberg reported, citing sources.

 

NUPCO held preliminary discussions with advisors about the potential sale of its shares. The size and timing of the public offering are still under study.

 

According to the data available on Argaam, NUPCO was founded in 2009 and is wholly owned by PIF. It operates in the field of providing medical procurement, storage, and distribution services for pharmaceuticals, medical devices, and supplies in Saudi Arabia.

 

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