Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a public offering, following the company’s exit from Dubai’s Amanat.
The firm, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company” listed on Tadawul, Saudi Arabia’s main market.
This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse.
IMC is a polyclinic medical complex with a total capacity of 300 beds.
Fitaihi Holding Group said the move is part of the company’s long-term strategy to increase return on equity of its shareholders.