Reported 1 day ago
Almoosa Health Co. of Saudi Arabia experienced a strong debut in the stock market following its $450 million IPO in Riyadh, with shares initially rising by 30% before settling at a 15% gain. This performance stood in contrast to other recent lackluster IPOs in the region. The company aims to expand, with plans for two additional hospitals by 2028, and it is positioned within Crown Prince Mohammed bin Salman’s Vision 2030 healthcare strategy, which aims at enhancing health services in the kingdom.
Source: YAHOO