Hospital operator Specialized Medical Co. (SMC) has announced plans for an initial public offering (IPO) in Riyadh, aiming to raise up to $500 million by selling 30% of its shares, which corresponds to approximately 75 million shares. The trend of listings in Gulf countries continues to gain momentum despite ongoing economic instability, highlighting a growing interest among investors in the healthcare sector.

Walgreens Boots Alliance Inc. recently announced its quarterly results, which significantly surpassed Wall Street expectations. This report is particularly noteworthy as the company is undergoing transformation and adapting to changes in the market.