Fitaihi Associate Co Transforms into a PJS listed in Market

Fitaihi Holding Group announced on Sunday that its associate (International Medical Center Company – a Closed Joint-Stock Company) pans to the necessary measures to transform it into a public joint-stock company listed in the main market.

This came pursuant to a Board of Directors’ resolution issued on 30-09-2021.

The International Medical Center (IMC) operates in the healthcare sector in the Kingdom of Saudi Arabia, owning a medical center and a polyclinic medical complex with a current total capacity of 300 medical beds.

Worth mentioning that Fitaihi Holding Group owns (19.25%) of the capital of the (IMC), which amounts to SR750 million Saudi.

“This comes in line with the strategy of Fitaihi Holding Group, which in turn will contribute to a future positive impact (as expected), on increasing the return on equity of the shareholders of the Group.” the company said.

Fitaihi Holding Group will announce the most important developments in this regard in due course.