JEDDAH, 18 April 2006 -- Elaj Medical Group signed a memorandum of understanding with Saudi Fransi Bank in preparation for floating its shares after completing procedures required by the Capital Market Authority, reported Al-Eqtisadiah newspaper.
The shares to be floated will range in value between SR300-SR400 million. Once approved for floatation Elaj will be the first health care company to go public.
© Arab News 2006
