Saudi Arabia’s Tibbiyah buys local firm; UAE’s Taaleem moves ahead with IPO

 Saudi Arabia’s Tibbiyah buys local firm; UAE’s Taaleem moves ahead with IPO
Saudi Arabian medical equipment provider Arabian International Healthcare Holding Company, or Tibbiyah, has acquired a 51% stake in the Innovative Care Company, for SAR213.5 million ($56.8 million). The acquisition will be financed by a cash component of SAR109.5 million while the remaining SAR104 million will be linked to an “earn-out” […]
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Aman Malik

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