Saudi Arabia’s Nahdi Medical in early talks for IPO: sources

06/07/2020 Argaam

 

Saudi Arabia’s Nahdi Medical Co. is studying the feasibility of an initial public offering (IPO), Reuters reported, citing two sources familiar with the talks.

 

The sources indicated that the company is in early talks with potential advisors for its public share sale, which could happen next year.

 

Nahdi Medical Co., with headquarters in Jeddah, has a network of more than 1,100 pharmacies in the Kingdom. It is 50% owned by Jeddah-based investment firm Sedco Capital.

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