EFG concludes advisory on IPO of Saudi healthcare company Sulaiman Al Habib: Our friends at EFG Hermes acted as joint bookrunner on a USD 700 mn initial public offering by Dr. Sulaiman Al Habib Medical Group on the Saudi stock exchange, it said in a statement. Shares in the company were up 10% in their debut despite “bearish sentiment” from the covid-19 outbreak, the firm said. Dr. Sulaiman Al Habib Group is one of the largest private sector healthcare players in Saudi and has operations in the UAE and Bahrain.

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