Economy
Saudi authority approves Tibbiyah’s 51% acquisition of UAE health company
Follow-ups -eshrag News:
Thu, 2022-06-30 19:54
RIYADH: Saudi-based Arabian International Healthcare Holding Co., known as Tibbiyah, has got the General Authority for Competition’s approval to acquire a 51 percent stake in UAE’s Innovative Healthcare Co.
Operating as a holding company, Tibbiyah, through its subsidiaries, offers medical systems, healthcare equipment, and medical supplies in the Kingdom.
The authority also approved Growth Avenue Investment Co.’s acquisition of a 40 percent stake in Saudi Medical System.
Since the beginning of 2021, the authority has approved 101 acquisitions.
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