The International Medical Center Company issued a decision to convert it into a public joint stock company listed on the main market, as announced by Fitaihi Holding Group, which owns 19.25% of the capital of the Medical Center Company. The international value of 750 million riyals.
According to Arab Net, IMC operates in the healthcare sector in the Kingdom of Saudi Arabia, and owns a medical center and a multi-specialty medical clinic complex with a current total capacity of 300 beds. Medical.
This comes in line with Fitaihi Holding Group's strategy, which in turn will contribute to a positive impact in the future on increasing the return on equity of the group's shareholders.
Last week, the UAE's Amanat Holding Company announced that the wholly owned Saudi Healthcare and Education Fund had sold its minority stake of 13.13% of the shares in The International Medical Center in the Kingdom of Saudi Arabia to a private investor for 443 million Saudi riyals.
The exit resulted in a total cash return of approximately 100 million dirhams, including dividends, and is expected to record a net profit from this sale of approximately 40 million dirhams.
