DUBAI: A Saudi holding group, which owns part of IMC, is planning to sell the hospital’s shares in a public offering, the company said on filing, following a $118 million exit from Dubai’s Amanat.

Fitaihi Holding Group, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company” listed on Tadawul, Saudi Arabia’s main market.

This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse.

IMC is a polyclinic medical complex with a total capacity of 300 beds.

Fitaihi Holding Group said the move is part of the company’s long-term strategy to increase return on equity of its shareholders.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.