Investcorp mulls public share sale of Saudi Arabia's Al Borg: report

10/06/2021 Argaam


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Bahrain-based Investcorp is considering to the share sale of Saudi Arabia's Al Borg Medical Laboratories in an initial public offering (IPO), Reuters reported, citing unnamed sources familiar with the matter.
 

Investcorp invited banks to pitch for a planned listing of Al Borg, expecting the IPO to raise around SAR 750 million, the sources added.
 

Al Borg has more than 60 laboratories across eight countries in the Gulf and Africa, according to its website, offering medical laboratory testing services to hospitals, clinics.

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