GroupMed Holding, the owner of Bankmed, is considering launching an Initial Public Offering (IPO) of its shares in the near future, said Alaa Al Khawaja, a new shareholder in the company.
Khawaja said that his acquisition of 42.24 percent stake in GroupMed "will pave the way for increasing and diversifying the ownership structure of GroupMed which could result in an IPO in the near future."
After obtaining the Central Bank's approval, Khawaja completed the acquisition of the stake,...
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