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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Business & Economy

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