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.

In recent years, the financial markets have witnessed significant changes, and Saudi Arabia is no exception. Hospital operator Specialized Medical Co. (SMC) has announced its intentions to conduct an initial public offering (IPO) on the Riyadh Stock Exchange. This news underscores the commitment of companies in the kingdom to move forward despite global market volatility.